TRUE OR FALSE

9. Under the write-off method of accounting for uncollectible accounts, accounts receivable are not stated in the balance sheet at net realizable value but at the balance of the Accounts Receivable ledger account. 10. An employee who has custody of or access to an asset should maintain the accounting record of that asset in order to pinpoint responsibility to him. 11. Documents which require the accountability of every sheet should be serially numbered in order to monitor their use. 12. Errors are unintentional mistakes while irregularities are intentional mistakes