1. Read the given statement and describe either it is true or false and why? Explain a) Fraudulent transactions and activities are easy to identify in double entry system. b) In single entry system complete recording of transactions is there while nothing like this in double entry system. 2. Given below some statement ,revise your concepts of adjusting entries and write in front of each statement that either it is unearned Revenue, Accrued expense, prepaid expense, accrued revenue? Furthermore you have to judge that how you mention in the financial statement? Example:Taxes incurred, for which no invoice from a government entity has yet been received.( it is an Accrued Expense(explain the statement in your own words) and mentioned as a liability in balance sheet) 1) A doctor provided the services to the employees of the company but company did not paid the cash due to the shortage of cash at that time. 3 2) The software engineer of the corporation has provided the software to the customer but not yet received the fee for his services . 3) Company paid the 50,000 amount for utilizing the internet services to the other corporation in advance. 4) Company invested 70,000 in the JS bank and it is quite better investment and get good interest on the investment, Although company have not yet received the interest income 30,000 amount is payables due by the company