Un answered Question 12 Which 4 statements regarding the Chart of Accounts are true? (Select all that apply) To add a new account, open the Chart of Accounts by selecting Accounting from the Left Navigation Bar, then selecting Now to open the Account window The Sales of Product Income account is a default account when inventory is turned on Uncategorized Income and Uncategorized Expense are default accounts for online banking activity if you add a new account, the detail type determines which financial statement this account will appear on When you specify a sales price/rate when setting up Products and Services, you link them to the Chart of Accounts You should inactivato an account from the Chart of Accounts if it is not relevant to your business Previous Next