What Is a List of All Active Accounts and Their

question 76

Multiple Choice

What is a list of all active accounts and their balances at a particular date,which is used to prove the equality of debits and credits?

• A) chart of accounts
• B) general ledger
• C) journal
• D) trial balance

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Definitions:

Anticipating Contingencies

The process of preparing for potential future events or situations, especially unexpected ones, in planning or decision-making.

Incompatibility

The state of being unable to exist or work together in harmony due to differences in characteristics or purposes.

Development

The process of economic, social, and cultural growth, expansion, or evolution, often associated with progressive changes.

Implementation

The act of putting a plan, decision, or agreement into effect.