Which of the following statements regarding a trial balance is false?
A) A trial balance provides a check on the equality of debits and credits.
B) A trial balance is the same as a balance sheet.
C) A trial balance is a list of all accounts with their balances.
D) A trial balance may be taken at any time the postings are up to date.
Correct Answer:
Verified
Q71: If the debit amount of an entry
Q72: The normal balance of a revenue account
Q73: Making a cash payment to settle a
Q74: A credit increases the balance of which
Q75: An owner makes an investment of cash
Q77: Posting, a part of the accounting process,
Q78: Paying by cheque to settle a debt
Q79: Performing services on account would:
A) increase net
Q80: A trial balance is a useful device
Q81: Accounts receivable normally has a credit balance.
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