1. Modified True or False Write TRUE if the statement is correct and FALSE if incorrect, and give brief explanation as to why it is False. 1. Posting is in itself the classifying function of accounting. 2. Footing is considered an entry posted in the General Ledger. 3. The arrangement of account in the General Ledger is patterned from the chart of accounts. 4. The use of "folio" is for cross-indexing or cross-referencing. 5. An error in the trial balance can be discovered upon audit of the accounts. 6. A trial balance can be prepared in any given period of time regardless of whether or not financial statement is prepared. 7. Accuracy wise, when the trial balance is "in balance" we take an assumption that no error has been committed in the process of posting only. 8. A trial balance will not disclose an error, if the error is a journal entry that has not been posted in its entirety. 9. Posting an entry twice in the general ledger will cause the trial balance to be "out of balance". 10. The purpose of the trial balance is to check the arithmetical and mathematical amount recorded in the General Journal