question archive Which statement is true about billable expenses? 1

Which statement is true about billable expenses? 1

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Which statement is true about billable expenses?

1. A default markup dollar amount can be added

2. Invoicing for a billable expense must always be posted to an income account

3. The purchase transaction related to a billable expense can be posted to an income account.

4. The purchase transaction related to a billable expense can be posted to another asset account

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