Question: Write TRUE if the statement is TRUE. If the statement is FALSE, write FALSE and explain why 3. The Commissioner of Internal Revenue may prescribe

Write TRUE if the statement is TRUE. If the statement is FALSE, write FALSE and explain why

3. The Commissioner of Internal Revenue may prescribe presumptive gross sales and receipts for a taxpayer when the latter fails to issue receipts and when he believes that the books or other records of the latter do not correctly reflect declarations in the return.

4. Jurisdiction is the power and authority of the court to hear, try, and decide a case. It can also refer to territory.

5. The three fundamental powers of the state may be exercised by the government and public service corporations or entities.

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