MCQs>Finance & Management>QuickBooks>Do you enter inventory items using the Chart of Accounts, under assets? And can the quantity be adjusted by just adding/subtracting from this account?
QuickBooks MCQs
Do you enter inventory items using the Chart of Accounts, under assets? And can the quantity be adjusted by just adding/subtracting from this account?
Answer
Correct Answer: No. Inventory is entered in Receive inventory and can be adjusted using Adjust Qty on Hand icon.
Explanation:
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