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:

Environmental Revolution

refers to a significant change in the way societies perceive and interact with the environment, often emphasizing sustainability and conservation.

Planetary Management

The concept or philosophy concerning human interaction with and management of the Earth's resources and environment, often with a focus on sustainability and stewardship.

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Fundamental human qualities that entail deep empathy, caring, and kindness towards others.

Bonds Payable

Long-term liabilities represented by bonds that a company has issued and is obligated to repay at a specified maturity date.