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:

Clarity

The quality of being clear, understandable, and precise.

Crisis

A critical or decisive situation or period, especially one that potentially poses instability or great danger.

Social Learning Theory

Social learning theory posits that people learn new behaviors, attitudes, and values by observing and imitating the actions of others.

Transformative Theory

A perspective in conflict resolution that focuses on changing the quality of interpersonal relationships and the social structure through empowerment and recognition.