The Trial Balance

question 18

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 the choices are correct.

---

Definitions:

Long-Term Memory

A type of memory capable of storing information for extended periods, often throughout a person's life.

Short-Term Memory

Short-term memory is the capacity for holding a small amount of information in an active, readily available state for a short period of time.

Sensory Memory

The shortest-term element of memory, it acts as a buffer for stimuli received through the five senses which are retained accurately, but very briefly.

Implicit Memory

A type of long-term memory that operates without conscious awareness, influencing thoughts and behaviors.