What Is NOT True Regarding the Trial Balance

question 18

Multiple Choice

What is NOT true regarding the Trial Balance?

• A)Trial Balances are prepared only after making adjustments (adjusting entries)since the account balances must be up to date to prepare a trial balance.
• B)It is a listing of all of the company's accounts and the ending account balances; it is prepared both before and after making adjusting entries.
• C)Its purpose is to verify account balances and ensure an accounting system balances.
• D)To view a Trial Balance in QBO view All Reports in Reports and select Accounting Reports.

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Definitions:

Scientific Integrity

Adherence to ethical principles and professional standards necessary for the conduct of research and the dissemination of its findings.

Ethical Principle

A foundation of guidelines for making moral decisions, typically used to address questions of fairness, justice, and rights.

Honest

The quality of being fair and truthful; free of deceit.

Possible Harm

The potential for damage, injury, or adverse effects in a situation, necessitating caution or preventive measures.