Which of the Following Statements About the Trail Balance Is

question 53

Multiple Choice

Which of the following statements about the trail balance is not true?

• A)Debit balances must equal credit balances.
• B)It includes only assets,liability and equity accounts.
• C)It is useful for detecting errors.
• D)It is an important step in the accounting cycle.

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Definitions:

Events

In probability, events are outcomes or occurrences that can be identified in a probabilistic experiment, and to which probabilities can be assigned.

Sample Space

The collection of every potential result that can be derived from conducting a statistical test.

Subset

A set of elements that are all contained within another set, without necessarily including every element of that larger set.

Event

An outcome or occurrence that can be identified or measured, often considered in the context of probability and statistics.