1. as much as the difference between the first period balance of account receivables and ending balance of account receivables increases, the number of times that company collects receivables during the year: (1 Point) increases O decreases no effect non of the above wright 2. petty cash must be close only at the end of the financial year. this sentence is: (1 Point) O true false 3. outstanding checks must be: (1 Point) deducted from books bank account of the company deducted from the books of bank O added to the bank books account O non of the above