EMS0849

State whether the following statement is true or false? If the totals of the Trial Balance are the same, the double-entry principle is applied.

• True

• False

A list of closing balances of the General Ledger.

• Trial Balance

• Journals

• Income Statement

• Balance sheet

In Accounting we post the Cash Receipts Journal to the________.

• General Ledger

• Trial Balance

• None of the above

The accuracy of entries is tested by a ______.

• set of accounts in the General Ledger

• Bank Statement

• Trial Balance

• Cash Receipts Journal

If an entry is posted to the correct side of the wrong account, the totals of the Trial Balance:

• Will be correct

• Will differ

• Will be too little

• Will be too much