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A Trial Balance Consists Of

Question 3

Multiple Choice

A trial balance consists of:


A) A two-column schedule of all debit and credit entries posted to ledger accounts.
B) A two-column financial statement intended for distribution to interested parties outside the business.
C) A two-column schedule showing the totals of all debits and of all credits made in journal entries.
D) A two-column schedule listing names and balances of all ledger accounts.

Correct Answer:

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