Please answer these true$/$false questions about accounting. I need an accurate answer for each part ASAP $$ Each question is a different part so in my solution I am going to be looking for accurate answers for $4$ parts of true$/$false questions.

PART $1-$ A worksheet is prepared at the end of the fiscal period.

a$)$ True

b$)$ False

PART $2-$ A completed worksheet contains all the information necessary to prepare the income statement and the balance sheet.

a$)$ True

b$)$ False

PART $3-$ The examination of a firm$$s accounting records and procedures is not called an audit.

a$)$ True

b$)$ False

PART $4-$ Prepaid Insurance is a liability account.

a$)$ True

b$)$ False