What Is True About the Trial Balance

question 58

Multiple Choice

What is true about the trial balance?

• A) The total of the debits must equal the total of the credits.
• B) It contains a detailed listing of every transaction during a period.
• C) Payroll accounts do not appear on the trial balance because of their changeable nature.
• D) It may contain whatever accounts the accountant wishes to include.

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Definitions:

Strike Price

The fixed price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.

Call Options

Financial contracts that give the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a certain time period.

Volatile

Characterized by or subject to rapid or unexpected changes, especially in the context of financial markets or securities prices.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time period.