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True / False Questions?
1.?Accounting records are also referred to as the books.?
2.?The first step in the processing of a transaction is to analyze the transaction and source documents.?
3.?Preparation of a trial balance is the first step in the analyzing and recording process.?
4.?Source documents provide evidence of business transactions and are the basis for accounting entries.?
5.?Items such as sales tickets, bank statements, checks, and purchase orders are source documents.?
6.?An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expens
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