Identify the Statement Below That Is True

question 101

Multiple Choice

Identify the statement below that is true.

• A)If the trial balance is in balance,it proves that no errors have been made in recording and posting transactions.
• B)The trial balance is a book of original entry.
• C)Another name for the trial balance is the chart of accounts.
• D)The trial balance is a list of all accounts from the ledger with their balances at a point in time.
• E)The trial balance is another name for the balance sheet as long as debits balance with credits.

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Definitions:

Minority Group

A segment of the population distinguished by physical or cultural traits, subject to different treatment and often having less power or representation compared to the majority group.

Hispanic Governor

A political leader of a state, district, or province who identifies as Hispanic or of Hispanic descent.

Denied Access

The rejection or prevention from entering or using resources, services, or locations.

Cultural Characteristics

Traits, values, or norms that define and distinguish a particular culture or society.