Which of the Following Statements Is

question 98

Multiple Choice

Which of the following statements is ?

• A) If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions.
• B) The trial balance is a book of original entry.
• C) Another name for the trial balance is the chart of accounts.
• D) The trial balance is a list of all accounts from the ledger with their balances at a point in time.
• E) The trial balance is another name for the balance sheet as long as debits balance with credits.

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Definitions:

Authentic

Genuine or verified as true in its claims or origin; not counterfeit or copied.

Relevant

Pertaining directly to the matter at hand.

Hearsay Rule

A rule of evidence which excludes the use of statements made out of court that are offered in court as evidence to prove the truth of the matter asserted.

Admissible

Refers to evidence that is allowed to be presented in court and considered by the judge or jury in making a decision.