The Main Reason an Accountant Would Conduct a Trial Balance

question 102

Multiple Choice

The main reason an accountant would conduct a trial balance is to:

• A)Determine whether account figures in the ledger are correct and balanced.
• B)Obtain an estimate of the amount of taxes the firm owes.
• C)Ensure the audit was done correctly.
• D)Verify the validity of last year's balance sheet before beginning the next accounting cycle.

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Definitions:

Unauthorized Traffic

Network activity or data transfer that has not been permitted, often indicative of a security breach or malicious intent.

Protective Barrier

A physical or electronic means designed to protect objects, information, or areas from unauthorized access or harm.

Extranet

A controlled private network allowing access to partners, vendors, and suppliers or an authorized set of external users.

Network Type

A classification that distinguishes between different kinds of network architectures or services, such as LAN, WAN, or WLAN.