Which of the Following Is True Concerning the Trial Balance

question 6

Multiple Choice

Which of the following is true concerning the trial balance?

• A) If the trial balance equals then there are no errors in the recording of journal entries.
• B) A trial balance should be prepared before posting.
• C) The trial balance only lists the names of the accounts, not the balances.
• D) The trial balance proves only that the total ledger debit balances equal the total ledger credit balances.

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Definitions:

Problem Avoiders

Individuals or entities that choose to ignore or evade issues rather than facing them directly and seeking solutions.

Gathering Information

The process of collecting data, facts, or insights necessary for decision-making or problem-solving.

Making Decisions

The cognitive process of selecting a course of action among multiple alternatives to achieve a desired outcome.

Systematic Thinking

An approach to problem-solving that involves understanding and analyzing complex situations in a logical, step-by-step manner.