Which of the Following Statements Regarding a Trial Balance Is

question 107

Multiple Choice

Which of the following statements regarding a trial balance is TRUE?

• A) A trial balance may be taken at any time during the accounting period.
• B) A trial balance is a list of all accounts with their balances.
• C) A trial balance shows that total debits equals total credits.
• D) All of the above are true.

---

Definitions:

Quoted

Referenced with a price or statement, often used in the context of stock market prices or directly citing a person's words.

Yield To Maturity

The total return expected on a bond if held until it matures, including all interest and principal repayments.

Semiannually

Occurring twice a year or every six months.

Present Value

The current assessment of a future cash sum or cash flow streams, discounted at a defined rate of return.