Which of the Following Is Incorrect Regarding a Trial Balance

question 176

Multiple Choice

Which of the following is incorrect regarding a trial balance?

• A) It proves that the debits equal the credits after posting.
• B) It proves that the company has recorded all transactions.
• C) A trial balance uncovers errors in journalizing and posting.
• D) A trial balance is useful in the preparation of financial statements.

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Definitions:

Managing Self-statement

The practice of consciously controlling one's internal dialogue or thought processes to influence behavior and emotions positively.

Factitious Disorder

A mental disorder in which an individual deliberately produces, feigns, or exaggerates symptoms of illness in themselves or others for any form of internal rewards, such as attention or sympathy.

Stress Disorder

A type of mental disorder characterized by difficulty in coping with or recovering from a traumatic or highly stressful event, often resulting in significant distress or impairment.

Psychotic Disorder

A mental health condition characterized by a disconnection from reality, which might involve hallucinations, delusions, and impaired thinking.