Identify the Statement Below That Is True

question 101

Multiple Choice

Identify the statement below that is true.

• A)If the trial balance is in balance,it proves that no errors have been made in recording and posting transactions.
• B)The trial balance is a book of original entry.
• C)Another name for the trial balance is the chart of accounts.
• D)The trial balance is a list of all accounts from the ledger with their balances at a point in time.
• E)The trial balance is another name for the balance sheet as long as debits balance with credits.

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Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, which describes how closely the sample estimate matches the true value in the whole population.

Liberal Party

A political party that generally advocates for policies promoting social welfare, individual rights, and government intervention in the economy to promote social justice.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Carpooling

The practice of sharing a car ride with one or more people, usually to reduce commuting costs, traffic congestion, and carbon emissions.