14. Every business transaction affects at least ________ accounts:

1. One

2. Two

3. Three

4. Infinite

15. The most common imprest system is the ________ system:

1. Discount

2. Petty cash

3. Cash book

4. Cash receipt

16. Is it true that the trial balance totals should agree?

1. Yes, always

2. No, there are sometimes good reasons why they differ

3. No, because it is not a statement of financial position

4. Yes, except where the trial balance is extracted at the year end