Which of the Following Statements Is FALSE

question 78

Multiple Choice

Which of the following statements is FALSE?

• A)A trial balance shows total debits and total credits.
• B)A trial balance is created before the balance sheet is prepared.
• C)A trial balance presents data in debit and credit format,but a balance sheet does not.
• D)A trial balance shows total amounts for assets,liabilities and equity.

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Definitions:

Intuiting

The process of understanding or knowing something immediately without conscious reasoning.

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IQ Tests

Standardized exams designed to measure human intelligence and cognitive abilities in relation to an age group.