True or False 1. Accounting is more of an information system rather than a mere recording system True/False 2. The prime function of accounting is to classify and record business transactions True/False 3. Alex introduces additional $50,000 cash into his business. The entries would be Cash To capital True/False 4. Is the following rules of debit and credit correct? Assets Capital + Liabilities Increase Dr Decrease Cr = Cr + Cr = Dr + Dr True/False 5. Assets + Capital = Liabilities True/False