The Trial Balance Is Used to Determine If

question 169

Multiple Choice

The trial balance is used to determine if:

• A)total assets equal total liabilities.
• B)total debits of all the accounts equal total credits of all the accounts.
• C)total debits of the income statement accounts equal the total credits of the income statement accounts.
• D)total debits of the balance sheet accounts equal the total credits of the balance sheet accounts.

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Definitions:

Telephonic Conversation

A conversation held over the telephone, allowing people to communicate verbally even when physically distant.

Text Messaging

The act of composing and sending brief, electronic messages between two or more mobile devices or computers.

Memorandum

A written message used for internal communication within an organization, often informal and addressing operational matters.

Warehouse Supervisor

A professional responsible for overseeing the daily operations of a warehouse, including inventory management, staff coordination, and ensuring safety protocols are followed.