1- Which 2 statements are correct regarding budgets in QuickBooks Online?   Budgets are available in QuickBooks Online Essentials, Plus, and Advanced   Budgets can be subdivided by Class, Customer, Location, or Project   Budgets can be created to track capital expenditures Budgets can be set up based on the last fiscal year's financial data   Budgets can be created to track capital expenditures   Budgets can be set up based on the last fiscal year's financial data   Budgets can be created in Excel and imported into QuickBooks Online Essentials   A single budget can be set up to track across multiple years

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please answer with reason for all why the option is correct and why the other options are incorrect
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1- Which 2 statements are correct regarding budgets in QuickBooks Online?

 
Budgets are available in QuickBooks Online Essentials, Plus, and Advanced
 
Budgets can be subdivided by Class, Customer, Location, or Project
 
Budgets can be created to track capital expenditures Budgets can be set up based on the last fiscal year's financial data
 
Budgets can be created to track capital expenditures
 
Budgets can be set up based on the last fiscal year's financial data
 
Budgets can be created in Excel and imported into QuickBooks Online Essentials
 
A single budget can be set up to track across multiple years
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