Solved

A Trial Balance

Question 38

Multiple Choice

A trial balance


A) is a list of all the accounts in the ledger.
B) is a list of all the accounts and their balances at a specific date.
C) cannot be used in the preparation of financial statements.
D) cannot be used as a basis for preparation of adjusting entries.

Correct Answer:

verifed

Verified

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

Related Questions