Final answer:
The statement is false because while the initial entry is made to establish a change fund, additional entries may be needed later, such as to replenish the fund or adjust for discrepancies.
Step-by-step explanation:
The statement 'Once an entry is made to establish a change fund, no other entries are made to this account' is false. A change fund is a set amount of cash that a business uses for daily operations, like making change for customers. When the fund is established, the initial entry is made to record the cash allocated to the change fund. However, subsequent entries may be necessary to replenish the fund if it becomes depleted or to adjust for any discrepancies found during cash counts. These additional entries ensure that the change fund's balance in the accounting records matches the physical cash on hand.