Which of the Following Statements Is True of a Trial

question 160

Multiple Choice

Which of the following statements is true of a trial balance?

• A)A trial balance has the same format as a balance sheet.
• B)A trial balance presents data in debit and credit format.
• C)A trial balance shows the total amounts of assets and liabilities,but not equity.
• D)A trial balance is prepared after the balance sheet.

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Definitions:

Serve With Summons

The act of delivering a legal document to an individual or entity, informing them of their involvement in legal proceedings and requiring their presence in court.

Legal And Effective

Refers to actions or agreements that comply with the law and are capable of producing the intended result.

Private Message

A form of communication between individuals that is not visible to others.

State Statute

A written law passed by a legislative body at the state level, governing within the state's jurisdiction.