Please answer

PART A-(20 Marks, 30 minutes) your answer to each of the following qwestions as being True (A) False (BLEach question is worth one mark Separation of duties departments. Despite the increased complexity, separation of I. divides responsibility for a series of transactions betwern two or more em ployoes or duties reduces the risk of error and frad. True False 2. The peinciples of internal control include: cesure trassactions and actinities are authorized, maimain records, insure assets, separate recordkeeping and custody of assets, and perform internal ande audits. True False 3. A bank reconciliation results in creating an adjusted bank balance as well as an adjasted book balance Trae False 4. Good internal control procedures for cash receipts imply that eash receipts by mail shoeld be opened by an accounting employee who is responsible for reconding and depositing receipts. True False 5. Asset accounts normally have crodit balances and expense accounts normally have debit balances. True False 6. Unearned revenues are assets, because a service or product is owed to the customer True False 7. Although a proprietorship is not a separate legal entity, a partnership is. True False to the cost principle, it is acceptable for managers to use their own estimate of an asset's valae when recording the purchase True False 9. Payment of accounts payable decreases both liabilities and assets. True False 10. The left side of a T-account is always the credit side, while the right side is always the debit side. True False