MCQs > Finance & Management > QuickBooks > Can the Profit & Loss report be found in the Chart of Accounts?

QuickBooks MCQs

Can the Profit & Loss report be found in the Chart of Accounts?

Answer

Correct Answer: No, the Profit & Loss report can be found under Reports. It's not an account that affects the Balance Sheet, so it will NEVER show on the Chart of Accounts.

Explanation:

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