A trial balance does NOT prove that all transactions have been recorded or that the ledger is correct.
Correct Answer:
Verified
Q18: A simple journal entry requires only one
Q29: After a transaction has been posted, the
Q30: Posting is the transfer of journal entries
Q31: A transposition error involves the reversing of
Q32: A compound journal entry may require debits
Q33: The chart of accounts is list of
Q36: A chart of accounts should be arranged
Q37: If a journal entry is NOT posted
Q38: Posting must be completed before a trial
Q39: A trial balance that balances proves only
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