Which of the Following Statements Is True of a Trial

question 45

Multiple Choice

Which of the following statements is true of a trial balance?

• A)A trial balance is the first step in the accounting cycle.
• B)A trial balance is also known as a balance sheet.
• C)A trial balance is a list of all accounts with their balances.
• D)A trial balance is also known as the chart of accounts.

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Definitions:

Feel

To experience a sensation, emotion, or a certain way of perceiving something.

Bad Habit

A bad habit is a repetitive behavior pattern that is detrimental to one's physical or mental health.

Nail-Biting

A habitual action characterized by biting one’s fingernails, often triggered by anxiety, stress, or boredom.

Empirical Nature

Characterized by reliance on observation or experience rather than theory or pure logic.