1-The Other Accounts column in the cash payments journal is used for recording debits to any account for which there is no specialized debit column.

True

False

2-The use of subsidiary ledgers is limited to Accounts Payable and Accounts Receivable.

True

False

3-The columns included in special journals are standardized for all businesses.

True

False

4-The purchase of supplies for cash would be recorded in the purchases journal.

True

False

5-Adjusting journal entries are recorded in a special journal.

True

False

6-The accounts receivable subsidiary ledger is an example of a special journal.

True

False

7-The customers ledger and the creditors ledger refer to subsidiary ledgers.

True

False

8-In a computerized accounting system, all postings happen automatically at the end of the month.

True

False

9-The Post. Ref. column of the revenue journal will reference the account number of the customer.

True False