viaxivia KS. DU 1) True or False (8 Marks, 1 mark each) Fa) The Canadian designation CPA stands for Certified Public Accountant Tb) Audits are conducted by accountants internal to the organization so that the users of the financial information can have confidence in the accuracy of the financial reporting. Tc) Accountants use the Accumulated Amortization account to show the cumulative T sum of all amortization expense from the date of acquiring the asset. F d) A proprietorship can have two owners, so long as they are husband and wife. Te) The accounting equation can be stated as assets + liabilities = owner's equity. F TH) It is not possible for a posting error to have occurred when the debits equal the credits on the trial balance. g) If a customer's cheque that has been deposited is returned with the bank statement marked "insufficient funds (NSF)," it would appear on the bank reconciliation as a deduction from the ending book balance. Th) The cash register in an internal control device