A Trial Balance Does Not Prove That All Transactions Have

question 150

True/False

A trial balance does not prove that all transactions have been recorded or that the ledger is correct.

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Definitions:

Administrative Procedure Act

A United States federal law that governs the way administrative agencies of the federal government may propose and establish regulations.

Judicial Review

The power of courts to declare void laws and executive actions that they find to be unconstitutional, maintaining a check on government power.

Administrative Remedies

Legal measures that can be taken within the confines of a government agency's rules and regulations, often before seeking judicial intervention.

Arbitrary

Decisions or actions taken without any reasonable, logical, or fair justification.