2. An account shows only increases, not decreases, in the item it relates to. 3. Some items, such as Cash and Accounts Receivable, are combined into one account. 4. An account has a lef, or credit side, and a right, or debit side. 5. A simple form of an account consisting of just the account title, the left side, and the right side, is called a T-account. E2-8 Janet Miyoshi has prepared the following list of statements about the general ledger. Instructions Identify each statement as true or false. If false, indicate how to correct the statement. 1. The general ledger contains all the asset and liability accounts but no owner's equity accounts. 2. The general ledger is sometimes referred to as simply the ledger. 3. Each account in the general ledger is numbered for easier identification. 4. The general ledger is a book of original entry