How Many of the Following Statements Regarding the Trial Balance

question 125

Multiple Choice

How many of the following statements regarding the trial balance are true?
A trial balance is included in the full set of external financial statements, just like an income statement.
If debits equal credits in the unadjusted trial balance, you have made no errors in preparing and posting journal entries.
The balances for each account reported on an unadjusted trial balance are determined by adding the amounts on the "+" side and subtracting the amounts on the "-" side of each ledger or T-account.

• A) None
• B) One
• C) Two
• D) Three

---

Definitions:

Volume

The amount of space that a three-dimensional object occupies or the intensity of a sound.

Intonation

The variation of pitch in speech, which can convey different meanings, emotions, or nuances in verbal communication.

Intonation

The variation in pitch during speech, influencing the meaning and emotion of the spoken words.

Pitch

The perceived frequency of a sound, determining how high or low it sounds.