Which 3 statements regarding sub-accounts are true?

(Select all that apply

Here are the multiple choices

• There is no limit to the levels of sub-accounts that can be created
• Best practice is to set up a sub-account for each subcontractor
• Data appears indented under the parent account on any report
• They provide more detail of income and expenses in a simple and straightforward way
• You can collapse or expand individual groups of accounts, depending on the chevron direction next to the group