The Purpose of a Trial Balance Is to Prepare a Practice

question 85

True/False

The purpose of a trial balance is to prepare a practice balance sheet.

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Definitions:

Objectivity

The practice of maintaining impartiality and neutrality, avoiding bias or subjective influence in judgments or actions.

Empirical Method

Gaining knowledge through the observation of events, the collection of data, and logical reasoning.

Objectivity

The quality of being impartial or neutral, free from personal bias or emotions, particularly in the analysis or presentation of data.

Science

The use of systematic methods to observe the natural world, including human behavior, and to draw conclusions.