2. Carriage inwards is charged to the trading accounts because: A. carriage outwards are charged to the profit and loss accounts. B. it should not be included in the balance sheet. C. It is an expense connected with buying goods. D. it is not part of vehicle expenses. 3. Under the going concem concept, the accountant: A. assume that the business will be profitable for the foreseeable future. B. assume that the company is planning to sell all its assets as part of going out of business. C. are required to have dealings only with companies that are not currently in danger of bankruptcy. D. assume the business will continue operating for the foreseeable future. 4. One of the following statements about users of accounting information is incorrect. The incorrect statement is: A. management is considered an internal user. B. taxing authorities are considered external users. C. present creditors are considered external users. D. regulatory authorities are considered internal users. 5. Bookkeeping differs from accounting. Bookkeeping primarily involves which part of the accounting process: A. identification B. measurement C. recording D. communication