Which 4 statements regarding the Chart of Accounts are true?
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The Sales of Product Income account is a default account when inventory is turned on
Uncategorized Income and Uncategorized Expense are default accounts for online banking activity
If you add a new account, the detail type determines which financial statement this account will appear on
When you specify a sales price/rate when setting up Products and Services, you link them to the Chart of Accounts
You should inactivate an account from the Chart of Accounts if it is not relevant to your business
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