The Purpose of a Trial Balance Is To

question 123

Multiple Choice

The purpose of a trial balance is to:

• A)show whether the figures in the account ledgers are correct and balanced.
• B)prepare a mock up of a real balance sheet.
• C)review the income statement accounts.
• D)meet a reporting requirement of the Securities Exchange Commission (SEC).

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Definitions:

Emotional Support

The provision of empathy, concern, affection, and encouragement to someone, especially during times of stress or difficulty.

Talking Over

The act of discussing or deliberating a topic extensively, often to reach a decision or to understand different perspectives.

Conflict

A disagreement or clash between opposing ideas, interests, or forces.

Frequently

Happening or occurring at short intervals or regularly.