True or False

1. Transactions recorded in the general journal are never posted to the subsidiary ledgers
2. One of the information objectives is to support management decision making. Managers use information to assist them in planning and control decisions related to their areas of responsibility.
3. Special journals are used to record unique transactions.
4. As with a manual accounting system, transactions are entered into a computerised system from source documents.
5. The total of the balances in the accounts receivable subsidiary ledger should agree with the total of the balances in the accounts payable subsidiary ledger
6. Summarized information pertaining to operations and other activities flows downward to managers at all levels.