A Trial Balance

question 38

Multiple Choice

A trial balance

• A) is a list of all the accounts in the ledger.
• B) is a list of all the accounts and their balances at a specific date.
• C) cannot be used in the preparation of financial statements.
• D) cannot be used as a basis for preparation of adjusting entries.

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Definitions:

Conjunction

In logic and grammar, a conjunction is a word or expression that connects phrases, words, or clauses, or in logic, it is the operator that represents the logical "and."

Negation

The logical operation that reverses the truth value of a proposition or statement.

Conditional

A statement in logic that asserts if one thing is true, then another will follow.

Truth Values

In logic, the assignment of truth or falsity to propositions, typically modeled as 'true' or 'false'.