When you use the Inventory type item on an invoice, what is the correct effect in the accounting records?

Select one:

a.Income increases, Inventory decreases, Expenses decrease, A/P increases.

b.COGS decreases, Income increases, Inventory decreases, A/R increases.

c.Income increases, A/R increases, COGS increases, Inventory decreases.

d.Expenses increase, Inventory decreases, COGS increases, A/R increases.

Which of the following qualities characterize items?

Select one:

a.An item can be duplicated but the item's type cannot be changed.

b.Items have a number field for sorting, similar to GL accounts.

c.An item can be deleted even if it used in a transaction.

d.An item's type can be changed but the item cannot be duplicated.

Which type of item cannot be imported?

Select one:

a.A new header or parent item as part of a new item

b.An item without a cost

c.An item without a description

d.An item of a type never used before

Which item type reduces the amount of an invoice?

Select one:

a.Subtotal type

b.Discount type

c.Non-inventory Part type

d.Other Charge type