| A | B |
|---|
| In the preparation of a trial balance, all accounts are listed in the order in which they appear on the chart of acconts, including those accounts with a zero balance. | true |
| When posting a correcting entry, the phrase "correcting entry" is usually written in the Explanation column of the ledger accounts. | true |
| The ledger account form used by Roadrunner Delivery Service is a three-column account form. | false |
| The notation "G3" in the Posting Reference column of a ledger account indicates the data was posted from general journal page 3. | true |
| The easiest way to post is from left to right in a ledger account because there is less chance of omitting data. | true |
| A trial balance is prepared after posting is completed. | true |
| Every amount posted will either increase or decrease the balance of a ledger account. | true |
| Opening an account in a ledger involves writing the account title and the account number on the account form. | true |
| How often posting occurs depends on the size of the business, the number of transactions, and whether posting is done manually or electronically. | true |
| Every journal entry requires a posting to at least two ledger accounts. | true |
| An error discovered before posting is usually corrected with a journal entry. | false |
| Opening an account in a computerized accounting system is entirely different from opening an account in a manual system. | false |
| To locate a trial balance error, the first step is to check the postings from the journal to the individual ledger accounts. | false |
| A credit posting to the Office Equipment account will result in an increase to that account. | false |
| If a transaction is journalized on the 8th and is posted on the 10th, the date entered in the Date column of the ledger account is the 10th. | false |
| Every posting requires the year, month, and day to be entered int he Date column of the ledger account for every transaction. | false |
| The purpose of posting is to show the changes that take place in the business's accounts as a result of financial transactions. | true |
