Multiple Choice
On a trial balance,if the Debit and Credit column totals are equal,then:
A) All transactions have been recorded correctly.
B) All entries from the journal have been posted to the ledger correctly.
C) All ledger account balances are correct.
D) Equal debits and credits have been recorded for transactions.
E) The balance sheet would be correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Debit means increase and credit means decrease
Q94: Trimble Graphic Design receives $1,500 from a
Q95: At the end of its first month
Q96: Unearned revenues are generally:<br>A)Revenues that have been
Q99: All of the following are asset accounts
Q100: A debit is used to record which
Q101: Identify the statement below that is true.<br>A)If
Q102: Identify the correct formula below used to
Q103: A company's list of accounts and the
Q229: Unearned revenues are classified as liabilities.