Which of the Following Statements Is True of a Trial

question 45

Multiple Choice

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

• A)A trial balance is the first step in the accounting cycle.
• B)A trial balance is also known as a balance sheet.
• C)A trial balance is a list of all accounts with their balances.
• D)A trial balance is also known as the chart of accounts.

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Definitions:

Forcing-Oriented

A strategy or approach that emphasizes coercion or the use of power to achieve objectives.

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Maturity And Breadth

The depth and comprehensive extent of knowledge or understanding that comes with experience or advanced study, showing sophistication and well-roundedness.

Status Differences

Variations in rank, social standing, or prestige among members of a group or society.