Question

by making an account ____, you cause it to disappear from the Chart of Accounts list. It will only be displayed if the Include Inactive box is checked

Answer 1

Making an account inactive removes it from the active Chart of Accounts list, but it can be displayed again by checking the Include Inactive box, preserving its historical data for future reference.

Step-by-step explanation:

By making an account inactive, you cause it to disappear from the Chart of Accounts list. It will only be displayed if the Include Inactive box is checked. This is a function within accounting software that allows for better management of the accounts listed in the Chart of Accounts. The purpose of this feature is to streamline the list to show only the accounts that are actively being used, while still preserving the historical information of the inactive accounts in case they need to be referenced or reactivated in the future.