A Trial Balance Does Not Prove That All Transactions Have

question 150

True/False

A trial balance does not prove that all transactions have been recorded or that the ledger is correct.

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Definitions:

Travel Industry

Comprises businesses that cater to the needs of people traveling for leisure or business, including transportation, accommodation, and recreational activities.

Hardware

Hardware refers to the physical components that make up a computer system or network, including the CPU, memory, storage devices, and input/output devices.

Software

A set of instructions, data, or programs used to operate computers and execute specific tasks.

Interface

Refers to the point of interaction between two systems, devices, or programs, often allowing them to communicate or work together.