1. True or False (correct wrong X)

1. The realization of sales revenue does not mean an equal increase in monetary funds; the occurrence of expenses does not necessarily lead to a decrease in monetary funds. ()

2. The owner's equity item is the residual equity after deducting liabilities from the assets of the enterprise. It reflects the owner's residual claim on the enterprise. This claim can be exercised after the creditor's rights are satisfied. ()

3. When the company's assets are insolvent, the owner's equity is negative. ()

4. In my country, the ranking of asset items in the balance sheet is based on the strength of liquidity. ()

5. The cash flow statement is a statement based on the cash payment system, which reflects the specific accounting period of the enterprise

Information on cash inflows and outflows. ()

6. Resources that have no ownership but control the right to use are also corporate assets. ()

7. Accounts receivable are assets, and accounts payable are debts. ()

8. Debt is divided into short-term loans and long-term loans. ()

9. If a company purchases materials but fails to pay for the goods, the business will cause both assets and liabilities to increase. ()

10. Assets include fixed assets and current assets. ()