The Trial Balance

question 42

Multiple Choice

The trial balance

• A) Proves that debits are greater than credits when the company has net income.
• B) Uncovers any errors in journalizing and posting prior to preparation of the statement of financial position.
• C) Is useful in preparing the statement of financial position.
• D) All of these choices are correct.

---

Definitions:

Florida Governor

The chief executive of the state of Florida, responsible for enforcing state laws and overseeing the operation of the state government.

Spanish Friars

Religious clergy from Spain who played significant roles in the Christianization and colonization of the Americas.

Pueblo

A term referring to both a group of Native American people in the Southwestern United States known for their unique adobe cliff dwellings and the individual communities or villages themselves.

New Mexico

A state located in the southwestern region of the United States, known for its diverse culture and historical significance as part of the U.S. frontier.