The Trial Balance

Multiple Choice

The trial balance

A) is a listing of all the accounts and their balances in the order the accounts appear on the statement of financial position.
B) has as its primary purpose to prove (check) that all journal entries were made for the period.
C) can be used to uncover errors in journalizing and posting.
D) is used to prepare the statement of financial position while the general ledger is used to prepare the income statement.