Exercise 14: True or false 1. Debit and credit terms are used to infer to right and left of accounts, respectively without economic senses 2. Double entry dictates that economic transactions are only recognized in two accounts 3. To reduce the recognition of transactions, simple double entries should be combined into complex double entries. 4. Trial balance just include general accounts 5. Once the balanced relations between accounts in trial balance are satisfied, recognition of transaction into ledgers is absolutely accurate