Both Accounts Receivable and Notes Receivable represent claims ...

[JMatthes]

Both Accounts Receivable and Notes Receivable represent claims that are expected to be collected in cash.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

After the posting of the accounts payable ledger and the general ledger is completed, the total of the accounts payable ledger balances should equal the Accounts Payable balance in the general ledger.
 a. True
   b. False
   Indicate whether the statement is true or false

[robbielu01]

Answer to Question 1

True

Answer to Question 2

True