The Trial Balance Is Also Known as the Balance Sheet

question 42

True/False

The trial balance is also known as the balance sheet.

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Definitions:

Behind

At the back of, or in a position trailing something or someone.

Homeostasis

The physiological process by which an organism maintains internal stability despite changes in the external environment.

Homeo-

A prefix meaning similar or same, used in terms such as homeopathy, which involves treatment with small doses of natural substances that in larger amounts would produce symptoms of the ailment.

Visceral

Relating to the internal organs of the body, especially those within the chest and abdomen.