On a Trial Balance,if the Debit and Credit Column Totals

question 98

Multiple Choice

On a trial balance,if the Debit and Credit column totals are equal,then:

• A)All transactions have been recorded correctly.
• B)All entries from the journal have been posted to the ledger correctly.
• C)All ledger account balances are correct.
• D)Equal debits and credits have been recorded for transactions.
• E)The balance sheet would be correct.

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Definitions:

Charge

A fee or cost for a service rendered or a penalty for a wrongdoing.

Voice-Activated

Technology that allows devices or software to be controlled through spoken commands, facilitating hands-free operation.

Thought-Activated

Technology or systems controlled by human thought, without the need for physical interactions.

Expect

To regard something as likely to happen based on available evidence or logical supposition.