The Purpose of a Trial Balance Is to

question 206

Multiple Choice

The purpose of a trial balance is to

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

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Definitions:

Genogram

A graphical representation of family relationships, showing patterns and medical history over generations.

Pictorial Description

The use of images or illustrations to narrate a story or describe something in detail.

Functional Changes

Alterations in the way a system, body, or process operates, often referring to deviations from normal or expected functioning.

Losing Weight

The process of reducing body mass, typically by a combination of diet, exercise, and lifestyle changes.