Question: SHORT ANSWER [40 Marks] 1. Name five items that can be found on the Lists menu. 2. What does the abbreviation C.O.G.S stand for? 3.

SHORT ANSWER [40 Marks] 1. Name five items that can be found on the Lists menu. 2. What does the abbreviation C.O.G.S stand for? 3. Which report will show the quantity on hand and cost of each item in inventory? 4. What is the difference between an inventory and a service item? 5. Do all purchases have to go through Enter Bills? 6. What is the purpose behind memorized transactions? 7. List the steps needed to display the window that allows you to enter bills. 8. What account is debited when a sales invoice is created? 9. What are the steps to retrieve a previously posted invoice? 10. Why is it useful to create regular monthly reports for your company

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