QuickBooks Chapter 5 Questions and Answers Passed with 100%

In the perpetual inventory system, the inventory quantity and values are updated after each purchase and sale of inventory items This report shows all purchase information for each inventory item, including vendor name, cost per unit, quantity purchased, and total cost. Purchases by Item Detail In the periodic inventory system, separate records __________ maintained for inventory items, and the inventory account __________ adjusted for purchases and sales. are not; is not In addition to the Reports option on the main menu bar, QuickBooks also allows you print many inventory reports from the __________ window. Lists Sales discounts are typically offered to customers to encourage early payment of outstanding invoices When are you prevented from deleting an inventory item from the Item List? when it has a balance or has been part of a transaction during the current period