1. A schedule of accounts receivable is a listing of all creditor accounts and account balances.

True or False

2.Account balances in the general ledger and the subsidiary ledgers should be proved for accuracy after posting is complete.

True or False

3. Each transaction recorded in the sales journal yields a debit to Accounts Receivable and a credit to Sales.

True or False

4. The accounts payable ledger has a controlling account in the general ledger and a separate subsidiary account for each creditor in the accounts payable ledger.

True or False

5. The accounts payable ledger is used for storing transactions data regarding individual customers.

True or False

6. The accounts receivable ledger:

	Is for storing transaction data for customers.
	Is for storing transaction data for individual customers.
	Is for storing transaction data for individual creditors.
	Is for storing transaction date for creditors.
	Is also the controlling account.