Time remaining: 01:2703 Which statement about QuickBooks reports is false? The Profit & Loss report displays revenue and expenses for a specified period of time. A detailed profit & Loss report can be produced that lists all transactions affecting a particular item on the report. The Profit & Loss report can be displayed in a standard or comparative format. To view and print a year-to-date Profit & Loss Standard report, click Reports and then select General Ledger since it is the document where transactions are summarized by account 11 of 30 When you use the Pay Bills window in QuickBooks, the check is automatically printed for you. the bill is considered paid for general ledger purposes. the bill is not considered paid until the check is printed and sent. you do not have the option to assign check numbers. 12 of 30 A cash sale will be tracked through the Accounts Receivable and Customer reports. is recorded as a debit to Accounts Receivable and a credit to Cash results in a debit to the Cash or Undeposited Funds account. is a payment from the Cash account