Please help on these 5 True or False Accounting questions?

1. Keeping personal and business records separate is an application of the business entity.


2. Assets such as cash and supplies have value because they can be used to acquire other assets or be used to operate a business.


3. The relationship among assets, liabilities, and owner鈥檚 equity can be written as an equation.


4. The accounting equation does not have to be in balance to be correct.


5. The sum of the assets and liabilities of a business always equals the investment of the business owner.





Please help on these 5 True or False Accounting questions?
1. True


2. True


3. True


4. False


5. False - The sum of the investment of the business owner and liabilities of a business always equals the assets. Please help on these 5 True or False Accounting questions?
A Business entiy principle is an accounting principle that requires that a business maintain its own set of records and accounts that are separate from other financial interests of its owners.





2. I think so ,but dont quote me on this.





3. Yes that can be writen as a equation.





4. I dont know??





5. maybe%26gt;??