Solved

In Double Entry Bookkeeping, a Trial Balance Is Prepared

Question 5

Multiple Choice

In double entry bookkeeping, a trial balance is prepared. The expected result is ____.


A) a cash account balance of zero
B) that cash and expense accounts have equal balances
C) that credit accounts and debit accounts have equal totals
D) that the assets and liabilities have equal totals

Correct Answer:

verifed

Verified

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

Related Questions