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.

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Definitions:

Teachers

Educators responsible for facilitating learning, developing instructional materials, and assessing student progress.

Lesbians and Gay Men

Individuals attracted to others of the same sex, with lesbians specifically referring to women and gay men to men.

Family Relationships

The connections and interactions between members of a family, including emotional bonds, communication patterns, roles, and responsibilities.

Heterosexual

A term describing individuals who are sexually attracted to people of the opposite sex.