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Multiple Choice Quiz
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1

When setting up inventory items, Peachtree allows several types of inventory which include:
A)Stock items.
B)Service.
C)Labor.
D)Only those listed in a through c.
E)More than those listed in a. through c.
2

When inventory stock-type items are sold, Peachtree updates the following records/accounts:
A)Accounts receivable customer account (for sale on credit).
B)Inventory stock item record.
C)General ledger control accounts for revenues and cost of goods sold.
D)All of the above.
E)None of the above.
3

What inventory system does Peachtree use?
A)Periodic inventory system.
B)Batch inventory system.
C)Perpetual inventory system.
D)Real-time inventory system.
E)None of the above.





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