When debits equal credits tor a transaction, the accounting equation is in balance. True False Question 6 ( 2 points) It is good business policy that all cash and cash items received be deposited daily in bank. True False Question 7 ( 2 points) The person directed to receive the money indicated by a check or electronic draft is known as the drawer. True False Question 8 ( 2 points) If a sale is listed on a sales invoice it generally must have been a cash sale. True False Question 9 ( 2 points) An adjusted trial balance is used to prove the equalify of debit and credit balances in the general ledger accounts after the adjusting entries have been posted