A Trial Balance

question 13

Multiple Choice

A trial balance

• A)is a list of accounts with their balances at a given point in time.
• B)will not balance if a correct journal entry is posted twice.
• C)will tell you if a transaction is not posted at all.
• D)proves the factual accuracy of journalized transactions.

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Definitions:

Custodial Parent

A parent who has been given physical and/or legal custody of a child by a court of law.

Single-Parent Households

Family units headed by one adult, navigating the complexities of raising children alone.

Advantages

Benefits or favorable factors that contribute to success or the achievement of an objective.

Disadvantages

The drawbacks or negative aspects of a situation, condition, or decision.