TRUE OR FALSE 1. Transactions involving the payment of cash for any purpose are usually recorded in a cash journal. 2. Special journals are modified in practice to adapt to the specific needs of an entity. 3. The primary ledger that contains all of the balance sheet and income statement accounts is called the general ledger. 4. At the end of each month, the total of the amount column of the sales journal is posted as a debit to accounts receivable and a credit to sales. 5. After postings have been completed for the month, if the sum of the balances in the accounts receivable subsidiary ledger does not agree with the balance of the accounts receivable account in the general ledger, the errors must be located and corrected. 6. purchase on account of office equipment used in the business would be recorded in the sales journal. 7. Each amount in the other accounts column of the cash receipts journal must be posted individually to the appropriate general ledger account. 8. When there are numerous accounts with a common characteristic, it is common to place them in a separate ledger called a detail ledger. 9. The sale of merchandise for cash is recorded in the sales journal. 10. The total of the other accounts column of the cash receipts journal is not posted to the general ledger. 11. When special journals, control accounts and subsidiary ledgers are used, no posting to any ledger is performed until the end of the month. 12. For each transaction recorded in the purchases journal, the credit is entered in the accounts payable column 13. Acquisitions on account which are not provided for in special debit columns are recorded in the other accounts column in the purchases journal. 14 Debits to creditors' accounts for invoices paid are recorded in the accounts payable debit column of the cash payments journal. 15. Comparing the purchase order with the receiving report will show that all the goods ordered actually arrived and that all goods that arrived were actually ordered. 16. The total of the account's payable column in the cash payments journal is posted at the end of the month as a debit to accounts payable and a credit to cash. 17. When customers are allowed to return merchandise for credit to their accounts, these transactions are recorded in the general journal. 18. A check register is used to record all expenditures. 19. The voucher register is a substitute for a sales journal. 20. The voucher register takes the place of the cash payments journal