1. On the Profit and Loss report, describe how to compare October, November and December. Show calculations for determining percent of income for an expense account. 2. Describe how the Balance Sheet...

1. On the Profit and Loss report, describe how to compare October, November and December. Show calculations for determining percent of income for an expense account.

2. Describe how the Balance Sheet can be customized. Show an example and two calculations one for an asset and one for a liability.