Which of the Following Statements Is True Regarding a Trial

question 81

Multiple Choice

Which of the following statements is true regarding a trial balance that balances?

• A)All transactions have been properly recorded.
• B)There are no missing transactions.
• C)This equality can only be achieved after closing entries have been recorded and posted to the ledger accounts.
• D)The equality of debits and credits has been proven.

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Definitions:

Primary Attributes

The most significant or inherent characteristics or qualities of an object, person, or concept.

Stakeholders

Individuals or groups that have an interest or concern in an organization and can affect or be affected by the business operations.

Social Entrepreneur

An entrepreneur focused on creating and implementing solutions to social, cultural, or environmental issues, often with an emphasis on innovative and sustainable change.

Discretionary Stakeholders

Stakeholders who have a potential interest or investment in a project or business but their involvement is not critical.