A Trial Balance Is Prepared To

question 7

Multiple Choice

A trial balance is prepared to:

• A) act as a link between the journal and the ledger.
• B) determine profit or loss.
• C) verify the equality of debit and credit postings in the ledger.
• D) act as an index to the ledger.

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Definitions:

Psychological Principle

Foundational concepts or theories that explain behaviors, thoughts, and emotions within the field of psychology.

Categories

Groupings based on shared characteristics or properties, allowing for easier organization and understanding of different concepts or objects.

Mere Exposure Effect

A psychological phenomenon whereby people tend to develop a preference for things merely because they are familiar with them.

Mere Exposure Effect

The psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.