Which of the Following Statements Is FALSE

question 152

Multiple Choice

Which of the following statements is FALSE?

• A) A trial balance shows total debits and total credits.
• B) A trial balance presents data in debit and credit format, but a balance sheet does not.
• C) A trial balance shows total amounts for assets, liabilities, and equity.
• D) A trial balance is created before the balance sheet is prepared.

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Definitions:

Short-term Memory

A thinking apparatus of limited scope, aimed at briefly sustaining information pending processing.

Longitudinal Study

A research method that involves observing the same subjects over a period of time, often years or decades.

Short-term Memory

A component of memory where small amounts of information can be stored for a short duration, typically seconds to minutes.

Cross-sectional Study

A study format that examines information from a whole population or a representative sample at a particular moment.