True or false only

21. All asset accounts are extended to the Debit side of the Income statement section of the worksheet

22,The income statement shows the temporary or real accounts.

23,The balance sheet shows the permanent or nominal accounts.

24,Both balance sheets and income statements can be prepared on a monthly or quarterly basis.

25,Cash disbursement journals are used in recording all cash receipts transaction.

26,A balance sheet regardless of monthly or quarterly preparation should be always worded "as of".

27,The report form of a balance sheet always shows the Asset, Liabilities, and Owners Equity in horizontal order.

28,Internal business forms are accounting books.

29,To organize the book of original entry, similar and repeating transactions are grouped and recorded in a general journal

30,Purchase Order is used by the buyer to communicate his exact orders to the seller.