Accig I,estCperm S, Jan 2019 True/False Indicate whether the statement is true or false 1. Expenses are expired costs of doing business. 2. The chart of accounts, the journal, and the ledger are essential parts of the accounting system. 3. The role of accounting is to provide many different users with financial information to make economic decisions. 4. Journalizing is the process of entering amounts in the ledger