Question: Which statement is true about Class tracking in QuickBooks Online? Each class is limited to 5 hierarchical levels including the parent class A sub-class can

Which statement is true about Class tracking in QuickBooks Online?

  • Each class is limited to 5 hierarchical levels including the parent class
  • A sub-class can have several parent classes
  • Once turned on, Class tracking cannot be turned off
  • The customized Balance Sheet by Class report should always balance by class
  • When you assign one class to an entire transaction, it affects the source

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