Discuss if the following statements are true or false. a. The terms accounts receivable and debtors.

Discuss if the following statements are true or false. a. The terms accounts receivable and debtors mean the same thing. b. The balance sheet is a financial statement that shows the results of an entity s trading over a reporting period. c. Ms Entrep invests her own cash to start a business. This transaction will increase the equity and assets of the business. d. Reserve accounts are all created in the same way and involve cash being put aside from profits. e. All assets on the balance sheet are measured at fair value.

 

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