The Trial Balance Can Serve as a Replacement for the Balance

question 153

True/False

The trial balance can serve as a replacement for the balance sheet, since total debits must equal total credits.

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Definitions:

Else Statement

A part of conditional programming that defines the block of code to be executed if the condition in the "if" statement is not met.

ElseIf Statements

A conditional statement in programming used to specify a new condition to test if the previous condition(s) was false.

If Statement

A conditional statement that executes a set of commands only if a specified condition is true.

Employee's Salary

The amount of monetary compensation that is paid to an employee by an employer in exchange for the job tasks performed.