The Purpose of the Discovery Stage Before Trial Is To

question 401

Multiple Choice

The purpose of the discovery stage before trial is to:

• A) prevent surprises at trial
• B) preserve evidence of witnesses who might not be available for trial
• C) encourage pretrial settlements
• D) narrow the range of claims being made
• E) all of the other choices may be correct

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Definitions:

Debits

Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.

Journalizing

The process of recording financial transactions in a journal or diary, marking the first step in the accounting cycle.

General Journal

A general journal is a fundamental accounting record where all day-to-day financial transactions of a business are initially recorded.