A Trial Balance That Is "In Balance" Proves

question 93

Multiple Choice

A trial balance that is "in balance" proves:

• A) all transactions were properly recorded during the accounting period
• B) all journal entries were properly posted to the ledger
• C) the equality of the debits and credits
• D) that the financial statement cannot be prepared using the account balances

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Definitions:

Authority

The legitimate right to wield power.

Totalitarianism

A political system in which the state holds total authority over society and seeks to control all aspects of public and private life wherever possible.

Authoritarianism

A system of governance in which power is concentrated in the hands of a single authority, often with limited political freedoms.

Hashemite Kingdom

A monarchy in Western Asia, traditionally led by the Hashemite dynasty, known for its historic leadership in Jordan.