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You would like to set up class tracking for your two retail locations. Where will you associate a transaction with a class?Select an answer:in Class Listin Class Namesin Company Preferencesin Invoices

Question

You would like to set up class tracking for your two retail locations. Where will you associate a transaction with a class?Select an answer:in Class Listin Class Namesin Company Preferencesin Invoices

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Solution

You will associate a transaction with a class in Invoices.

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. All but the smallest of businesses record transactions at the time a purchase or saletakes place irrespective of payment or receipt of cash. This also gives rise to AccountsPayable and Accounts Receivable. Distinguish between the cash and accrual basis ofaccounting.

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