Identify the Statement Below That Is True

question 196

Multiple Choice

Identify the statement below that is true.

• A) The trial balance is another name for the balance sheet as long as debits balance with credits.
• B) Another name for the trial balance is the chart of accounts.
• C) If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions.
• 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 a book of original entry.

---

Definitions:

Shaded Area

In graphical representations, it refers to the region that is marked or filled to highlight a specific part or aspect.

Z-scores

Standard scores that indicate how many standard deviations an element is from the mean of its distribution.

Average Score

The sum of all the numerical values in a set divided by the number of values in the set, representing the central tendency.

Variable

A component, trait, or aspect that is subject to alteration or modification.