A Balanced Trial Balance Is Proof That No Errors Were

question 2

True/False

A balanced trial balance is proof that no errors were made in journalizing transactions, posting to the ledger, and preparing the trial balance.

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Definitions:

Guaranteed

A promise or assurance, typically in writing, that certain conditions will be fulfilled or a particular product will meet a specified level of quality.

Express Warranty

A clearly stated promise or guarantee about the quality or durability of a product, usually offered at the point of sale.

Enforceable

Capable of being imposed or carried out by law.

Warranties of Assignability

Guarantees that rights or interests can be transferred from one party to another in a contract or agreement.