Question: please help me with these problems Question 1 (1 point) Assets, Liabilities, and Equity make up the Balance Sheet True False Question 2 (1 point)

Question 1 (1 point) Assets, Liabilities, and Equity make up the Balance Sheet True False Question 2 (1 point) Accounts are used to: Record transactions Show increases and decreases in each accounting equation element as a separate record Neither A nor B are true Both A and B are true Question 3 (1 point) A Trial Balance lists all of the accounts in the Ledger and is used to prove the total debits equal the total credits True False Question 4 (1 point) The Double-Entry accounting system requires: Every transaction is recorded in at least two different accounts The total debits recorded for each transaction equals the total credits recorded Neither A nor B are true Both A and B are true Question 5 (1 point) Which of the following are correct about Revenue and Expenses? O A Credit to a Revenue account increases its balance O A Debit to a Revenue account increases its balance O A Credit to an Expense account increases its balance None of the above are true Question 6 (1 point) Horizontal Analysis: Compares the each item in one company with the same items in a different company Compares each item on the current financial statement with the same item on an earlier statement Is prepared while lying down Can only be used on the balance sheet, not on the income statement Question 7 (1 point) Saved A Chart of Accounts is: A list of all of the accounts in the Ledger Accounts are listed in the order they appear in the financial statements from top to bottom Balance sheet accounts are listed first, then income statement accounts All of the above are correct
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