Identify the Statement Below That Is True

question 50

Multiple Choice

Identify the statement below that is true.

• A)A trial balance can replace the need for financial statements.
• B)The trial balance presents net income for a period of time.
• C)Another name for the trial balance is the chart of accounts.
• D)The trial balance is a list of all accounts from the ledger with their balances at a point in time.
• E)The trial balance is another name for the balance sheet as long as debits balance with credits.

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Definitions:

Different Ratios

Proportions or comparative quantities of elements or components in a mixture or compound.

Compound

A substance made up of two or more different elements chemically combined in fixed proportions.

Elements

Pure chemical substances consisting of a single type of atom, distinguished by their atomic number, which is the number of protons in their atomic nuclei.

Gold Foil Experiment

An experiment conducted by Ernest Rutherford which demonstrated that the atom has a tiny, dense nucleus by observing the deflection of alpha particles.