Below Are Several Statements About the Trial Balance

question 10

Multiple Choice

Below are several statements about the trial balance.Which of these statements is not correct?

• A)debits and credits must balance.
• B)the equality of credits and debits ensures that no errors were made.
• C)the post-closing trial balance includes temporary accounts only.
• D)(b) and (c).

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Definitions:

Immigration Reform and Control Act

A 1986 U.S. law focusing on the control and regulation of immigration, including penalties for employers who hire undocumented immigrants.

National Origin

The country where a person was born, or more broadly, where their ancestors came from, often used in discussions of discrimination or diversity.

Citizenship

The status of being a member of a country with certain rights and responsibilities under the country's law.

Unjust Enrichment

A legal concept where one person benefits at another's expense without legal justification, necessitating restitution to the aggrieved party.