Which of the Following Statements About the Trail Balance Is

question 16

Multiple Choice

Which of the following statements about the trail balance is NOT true?

• A)Debit balances must equal credit balances.
• B)It includes only assets, liability and equity accounts.
• C)It is useful for detecting errors.
• D)It is an important step in the accounting cycle.

---

Definitions:

Social Judgment Competency

The skill to understand and manage interpersonal dynamics and perceptions effectively in social situations.

Persuasion

The act of convincing others to change their attitudes, beliefs, or behaviors through argument, reasoning, or appeal.

Communicating Change

The process of informing, engaging, and guiding stakeholders through the transition phases of organizational change.

Mumford's Skills Model

A theoretical framework for understanding leadership capabilities that emphasizes the importance of a leader's knowledge, skills, and abilities in problem-solving and achieving effective performance.