Q$1$: Receivables create a need for additional investment to cover the need for cash.TrueFalse

Question $2$ : Receivables and Payables are shown on the Statement of Cash Flows as adjustments to Assets and Liability, respectfully.TrueFalse

Question $3$: A receivable is generated when the invoice for an expense is received.TrueFalse

Question $4$:

Receivables and Payables are shown on the Income statement as Cash received or paid.TrueFalse

Question $5$: Accrual accounting captures when Revenue and Expenses occur, rather than when cash is exchanged.TrueFalse