Question: State whether the following are True or False 1. building purchased goes to operating activities in cash flow statement. 2. the three main financial statements

State whether the following are True or False 1. building purchased goes to operating activities in cash flow statement. 2. the three main financial statements are income statement, statement of equity and balance sheet. 3. banks are the external stakeholders in business financial accounting. 4. when cash increases in business. it is to be credited in accounting. 5. the total of debts in accounting must not be equal to total of credits in accounting.

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