What Statement Is True Regarding the Trial Balance

question 110

Multiple Choice

What statement is true regarding the trial balance?

• A)Incorrectly recording a cash sale as a sale on account would not cause the trial balance to be out of balance.
• B)The income statement is prepared using the post-closing trial balance.
• C)A balance of debits and credits ensures that all transactions have been recorded correctly.
• D)Trial balances are only prepared at the end of an accounting period.

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Definitions:

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