menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 26
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    If a Trial Balance Is in Balance, the Accountant Is
Solved

If a Trial Balance Is in Balance, the Accountant Is

Question 76

Question 76

True/False

If a trial balance is in balance, the accountant is assured that no mistakes were made either in recording or posting.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q71: Posting is the process of copying the

Q72: Every accounting transaction involves an increase in

Q73: When the owner of a business invests

Q74: A credit decreases the balance of which

Q75: The accounting transaction to record payment of

Q77: Accounts receivable normally has a credit balance.

Q78: An owner makes an investment of cash

Q79: The accounting transaction to record payment of

Q80: The revenue account typically has a credit

Q81: The purchase of an automobile with a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines