Which 2 statements are true regarding Classes in QuickBooks Online? Classes affect the source of atransaction You can assign multiple classes to a transaction Classes can be renamed "divisions,""departments," etc., to suit different companies Columns in a Balance Sheet by Class will always balance Theunspecified column on a Profit and Loss by Class represents transactions that have not had a class specified

In QuickBooks Online, classes provide a way to categorize transactions for more detailed reporting…

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Which 2 statements are true regarding Classes in QuickBooks Online?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 2E: List the classification of each of the following accounts as A (asset), L (liability), OE (owners...

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Which 2 statements are true regarding Classes in QuickBooks Online? Classes affect the source of a
transaction You can assign multiple classes to a transaction Classes can be renamed "divisions,"
"departments," etc., to suit different companies Columns in a Balance Sheet by Class will always balance The
unspecified column on a Profit and Loss by Class represents transactions that have not had a class specified

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