Which Statement Relating to a Trial Balance Is Incorrect

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) A trial balance reports the financial position of a business.
C) The fact that the sum of the debit column equals the sum of the credit column does not guarantee that no errors have been made in the ledger.
D) A trial balance is a list of all the accounts in the ledger with their current balances.