An opening balance sheet is prepared at the beginning of each financial period and this balance is recorded in the journal and general ledger as the first transaction. If this registration is not made, which of the following operations would not be possible?

• A.

  Increase Suppliers account

• B.

  Increase Customers account

• C.

  Increase Banks account

• D.

  Increase General and Administrative Expenses account

• E.

  Increase Cash account