Answer the following statements true (T) or false (F)
1. The general journal is used to record the events (transactions) of a business.
2. The act of recording a transaction is called "journalizing."
3. Journalizing is the transfer of information from the general journal to the general ledger.
4. The posting reference column of the general journal will include the number of the account to which the information is being posted.
5. The posting reference column of the general ledger shows the sources of the transferred information.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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Answer the following statements true (T) or false (F)
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Indicate whether the statement is true or false
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