Section A: True or False. Read each statement below carefully. Place a T on the line if you think the statement is TRUE or place a F on the line if you think the statement is FALSE. (1 pt. each) F 1. As a business expands it becomes increasingly difficult to trace any errors that may have occurred. F 2. Control accounts are usually prepared at the end of each year. 3. Control accounts contain information only from the sales day book. 4. If the totals in the control account are not equal, then it proves that there is an error somewhere. 5. When making entries into the control accounts the entry goes exactly the same side as it would in the personal accounts. Section B: Answer the following. lling alentrical components to wholesalers Since he 11 Lugina