The Trial Balance Is Used to Determine Whether

question 71

Multiple Choice

The trial balance is used to determine whether:

• A)total assets equal total liabilities.
• B)total revenues plus gains equal total expenses plus losses.
• C)total increases in accounts equal total decreases in accounts.
• D)total debits equal total credits.

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Definitions:

Personality

A compilation of traits that together form an individual's distinctive personality.

Everyday Life

The domain of daily existence, including routine activities, tasks, interactions, and experiences that define the normalcy of an individual's life.

External Attribution

The process of inferring that a person's behavior is due to situational factors, rather than aspects of the person themselves.

Internal Attribution

The process of ascribing the cause of behaviors to internal characteristics of the individual rather than to external factors.