Examples of current assets are inventory, account receivables and drawings. Select one True False Sales by cash should never entered in the customer's account. Select one True False Why do we have to add depreciation in finalizing cash flow statement? Select one: a. Depreciation because of physical deterioration. b. Depreciation is non - cash expense. c. Depreciation is deducted from non - current assets (at cost). d. Depreciation reducing the non - current assets value. There are only two methods of inventory valuation which are first in first out and last in first out. Select one True False