Multiple Choice
Which of the following statements is true?
A) The trial balance is never used to prepare financial statements.
B) The trial balance is a list of all the accounts in the journal
C) Another name for the trial balance is the "chart of accounts"
D) The trial balance is a list of the accounts in the general ledger
E) A trial balance is only prepared at year end
Correct Answer:

Verified
Correct Answer:
Verified
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