Question: Which statements about items is False ? When you purchase or sell an item, the value of the purchase or sale flows to the specified

Which statements about items is False?

  1. When you purchase or sell an item, the value of the purchase or sale flows to the specified account you selected when you set up the item
  2. QuickBooks requires the use of items when recording a check
  3. Items let you set up default sale and purchase prices for the product and services you sell
  4. You can change the description and price associated with an item on individual sales and purchase transactions

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