I Beg YOu PLease help on these 5 True or False Accounting questions?

I Beg YOu PLease help on these 5 True or False Accounting questions?
1.When cash is paid on account, a liability is increased. 2.When cash is received from a sale, the total amount of both assets and owner?s equity. 3.A sale for which cash will be received on a later date is called a charged sale. 4.The accounting concept Realization of Revenue us applied when revenue is recorded at the time goods and services are sold. 5.When cash is paid for expenses, the business has more equity.


Answers:

Chosen Answer
?:  1. false 2. false 3. false 4. true 5. false
2008-09-01 13:40:30