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:

Publicly-Funded

Financially supported by government resources, typically through taxation, for the benefit of the general public.

Privately-Funded

Describes projects, initiatives, or entities that receive their financial support from private sources rather than government funding.

Federally-Funded

Financial support given by the federal government to support a wide range of projects and programs.

Experimental Realism

The extent to which study participants get so caught up in the procedures that they forget they are in an experiment.