Which of the Following Statements Regarding the Trial Balance Is

question 38

Multiple Choice

Which of the following statements regarding the trial balance is correct?

• A) Trial balances are prepared after the financial statements to verify that the numbers are accurate.
• B) The primary purpose of the adjusted trial balance is to see whether revenues are greater than expenses.
• C) A trial balance is a check that the accounting records are still in balance after posting all entries to the accounts.
• D) The trial balance debit column total is the amount to be shown as Total Assets on the Balance Sheet.

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Definitions:

Circular

Shaped like a circle or having a circular motion; in reasoning, an argument that assumes what it is trying to prove.

Cereal Grass

Grasses cultivated for their edible grains, such as wheat, rice, and corn.

Orange-Colored

Having the color that is a combination of red and yellow.

Negative Terms

Words or phrases that express denial, disagreement, or opposition, often used to describe the absence or opposite of something positive.