Multiple Choice
Which statement relating to a trial balance is incorrect?
A) A trial balance may be prepared at any time to test the equality of debits and credits in the ledger.
B) The fact that the total of the debit column equals the total of the credit column does not guarantee that the ledger if free from errors.
C) A trial balance reports the financial performance of an entity.
D) A trial balance is a list of all the accounts in the ledger with their current balances.
Correct Answer:
Verified
Correct Answer:
Verified
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