Question: Which statement is true about billable expenses? A default markup dollar amount can be added Invoicing for a billable expense must always be posted to

Which statement is true about billable expenses?

  • A default markup dollar amount can be added

  • Invoicing for a billable expense must always be posted to an income account

  • The purchase transaction related to a billable expense can be posted to an income account
  • The purchase transaction related to a billable expense can be posted to another asset account

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