Which of the Following Statements Is True

question 143

Multiple Choice

Which of the following statements is true?

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

---

Definitions:

Ambrosia

Often referred to in mythology as the food or drink of the gods, typically signifying something with an exquisite taste or smell.

Red Price

There is no standard definition for this term in economics; it may be used informally to denote a specific pricing strategy or condition but lacks a general meaning.

Bubble Gum

A variety of gum that can be blown into a bubble from the mouth.

Ambrosia

In mythology, ambrosia is often considered the food or drink of the gods, granting longevity or immortality upon consumption.