Which of the Following Best Describes a Trial Balance

question 55

Multiple Choice

Which of the following best describes a trial balance?

• A) It is a required financial statement.
• B) It is a financial statement that can be used in place of the income statement.
• C) It is a numerical list of all accounts used by a company.
• D) It is a tool used to prove the equality of debits and credits in the general ledger.

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Definitions:

Cell Cycle

The series of events that take place in a cell leading to its division and duplication of its DNA to produce two daughter cells.

Interphase

The phase of the cell cycle during which a cell prepares for division, characterized by DNA replication and growth in size.

Mitosis

The process of cell division in eukaryotic cells where one cell divides to produce two genetically identical daughter cells.

Prophase

The first stage of cell division in both mitosis and meiosis, characterized by the condensing of chromatin into visible chromosomes.