Which of the following is not true of the unadjusted trial balance?
A) A trial balance is an internal report used to determine whether total debits equal total credits.
B) A trial balance lists every account name in one column, usually in the order of assets, liabilities, stockholders' equity, revenues and expenses.
C) A trial balance shows the ending balances obtained from the ledger listed in either the debit or credit column.
D) If debits equal credits in the unadjusted trial balance, it means that no errors were made in the recording of

Question

Quizplus · Accepted Answer

Even if debits equal credits in the unadjusted trial balance, errors may still exist, such as transactions recorded in the wrong accounts or omitted entirely.

Which of the Following Is Not True of the Unadjusted