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Consider the following three statements about the daily record. 1) The daily record shows...

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Finance

Consider the following three statements about the daily record.

1) The daily record shows any increases in loans on the day they occur.

2) The daily record shows any increases or decreases in accounts receivable on the day they occur.

3) The daily record shows the amount of credit availability on accounts receivable, but not on inventory.

Which of the following best describes the accuracy of the above statements?

Group of answer choices
Only "1" is accurate.
Only "2" is accurate.
Only "3" is accurate.
Only "1" and "2" are accurate.
Only "1" and "3" are accurate.
Only "2" and "3" are accurate.
All three statements are accurate.
None of these three statement are accurate.

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