Need help with these multiple choice questions please

Question 1

Creditors are an example of an internal user of accounting information.

True

False

Question 2

The going concern assumption is the assumption that a company willnotbe successful in the foreseeable future.

True

False

Question 3

Expenses are the costs of assets that are consumed or services used in the ordinary business activities.

True

False

Question 4

The drawings account decreases owner's equity and has a normal credit balance.

True

False

Question 5

A trial balance may be done at any time during the accounting cycle.

True

False