Question 2: True/False statements about the General Ledger: 1. The general ledger contains all the asset and liability accounts but no owner's equity 1. accounts. 2. The general ledger is sometimes referred to as simply the ledger. 3. The accounts in the general ledger are arranged in alphabetical order. 4. Each account in the general ledger is numbered for easier identification. 5. The general ledger is a book of original entry. Instructions: Identify each statement as true or false. And correct false statements. Question 3: True/False statements about Accounts: 1. An account is an accounting record of either a specific asset or a specific liability. 2. An account shows only increases, not decreases, in the item it relates to. 3. Some items, such as Cash and Accounts Receivable, are combined into one account. 4. An account has a left, or credit side, and a right, or debit side. 5. A simple form of an account consisting of just the account title, the left side, and the right side, is called a T account. Instructions: Identify each statement as true or false. And correct false statements.