In QuickBooks Online, what is the difference between a service item and a non-inventory item? Select an answer: A service item is used to track income or expenses related to research and development, while a non-inventory item is used to track income or expenses related to advertising and marketing. A service item is used to track income or expenses related to products that the company stocks or resells, while a non-inventory item is used to track income or expenses related to services provided. A service item is used to track income or expenses related to fixed assets, while a non-inventory item is used to track income or expenses related to intangible assets. A service item is used to track income or expenses related to services provided, while a non-inventory item is used to track income or expenses related to products that the company does not stock or resell.
In QuickBooks Online, what is the difference between a service item and a non-inventory item? Select an answer: A service item is used to track income or expenses related to research and development, while a non-inventory item is used to track income or expenses related to advertising and marketing. A service item is used to track income or expenses related to products that the company stocks or resells, while a non-inventory item is used to track income or expenses related to services provided. A service item is used to track income or expenses related to fixed assets, while a non-inventory item is used to track income or expenses related to intangible assets. A service item is used to track income or expenses related to services provided, while a non-inventory item is used to track income or expenses related to products that the company does not stock or resell.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
In QuickBooks Online, what is the difference between a service item and a non-inventory item?
Select an answer:
-
A service item is used to track income or expenses related to research and development, while a non-inventory item is used to track income or expenses related to advertising and marketing.
-
A service item is used to track income or expenses related to products that the company stocks or resells, while a non-inventory item is used to track income or expenses related to services provided.
-
A service item is used to track income or expenses related to fixed assets, while a non-inventory item is used to track income or expenses related to intangible assets.
-
A service item is used to track income or expenses related to services provided, while a non-inventory item is used to track income or expenses related to products that the company does not stock or resell.
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