Which of the Following Statements CORRECTLY Describes a Trial Balance

question 35

Multiple Choice

Which of the following statements CORRECTLY describes a trial balance?

• A) A trial balance is the first step in the accounting cycle.
• B) A trial balance is also known as a balance sheet.
• C) A trial balance is a list of all accounts with their balances.
• D) A trial balance is also known as the chart of accounts.

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Definitions:

Presence

The state or fact of existing, occurring, or being present in a place or thing.

Prospective Dating

The exploration or vetting of potential romantic partners, often facilitated through dating platforms or services.

Match.com

An online dating service that provides a platform for individuals to find significant others through profiles and personal preferences.

Open Access Site

A website that offers unrestricted access to its content, allowing users to view, download, or use the material freely.