In Some States the Board of Equalization Equalizes Assessment Procedures

question 19

True/False

In some states the board of equalization equalizes assessment procedures between counties.

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledger accounts at a specific point in time, used to verify the mathematical accuracy of the accounts.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping entries.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Accounts Classified

The organization of accounts into categories within financial statements, typically as assets, liabilities, equity, revenue, and expenses.