Can someone please help me answer this accounting quiz please. Time is running out and i don't know the answers! Please help me! You may answer the questions like this: Q6) True , no explanations are needed just the answer true or false.

SECTION B

STATE WHICH SENTENCES ARE TRUE OR FALSE.

QU6. Balance Sheets show the Flow of Assets and Liabilities between one accounting period and another. True False

QU7. Saving is the balancing Item of the Capital Account. True False

QU8. In addition to the balancing item brought across from the Primary Distribution of Income Account, the Secondary Distribution of Income Account records the same types of social transfers on the Resources side as the Uses side. True False

QU9 When Balance Sheets are being prepared, Assets and Liabilities are recorded at the current values, not at their original values. True False

QU10 Net Borrowing occurs when Changes in Net Worth due to Saving and Capital Transfers exceed the investment in Non-Financial Assets. True False