Discuss the following statements and support your reasoning as to whether the statement is:

1. Always true (no explaining if you choose this one)

2. Sometimes True (If you choose this answer for any of the statements , explain when the statement will be true)

3. Never True (No explaining if you choose this one)

Choose from below to discuss

1. Booking and accounting are two ways of referring to the same thing __________________

2. If a transaction increase a liability, it will also increase an expense_____________________

3. An accrual refers to a situation where a company provides service before receiving cash______________