The Purpose of the Trial Balance Is To

question 132

Multiple Choice

The purpose of the trial balance is to:

• A)summarize all account balances.
• B)determine that account balances are correct.
• C)verify that total debits equal total credits.
• D)all of the above.
• E)A and C both pertain to the purpose of the trial balance.

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Definitions:

Problem-solution

rephrased: An approach that involves identifying a specific issue and subsequently proposing one or more solutions to address that issue, widely used in sales, engineering, and policy-making.

Problem-solution

A method of structuring communication where a problem is identified and then resolved, commonly used in sales and marketing.

Proposal

A detailed plan or suggestion, often a document put forward for consideration to initiate a project or sale.

Buyer's Needs

The requirements, desires, or expectations that consumers have when looking for a product or service.