41) Posting references are part of the audit trail.

Group of answer choices

True

False

42) After all postings have been made, the totals of the balances in the accounts receivable subsidiary ledger should equal the balance of the Accounts Receivable account in the general ledger.

Group of answer choices

True

False

43) For a retailer, bank credit card sales are like cash sales.

Group of answer choices

True

False

44) The entry to record the return of merchandise purchased on credit includes a debit to Accounts Payable and a credit to Purchases Returns and Allowances.

Group of answer choices

True

False

45) Freight In and Purchases Returns and Allowances are deducted from Purchases to determine the net delivered cost of purchases.

Group of answer choices

True

False