The fact that a trial balance is in balance:
A) guarantees that correct accounts have been debited and credited
B) proves the equality of debits and credits
C) assures the preparer that all journal entries were made
D) all of the above are correct
Correct Answer:
Verified
Q18: Place each of the following accounting elements
Q19: Which of the following terms is used
Q20: Which of the following is not a
Q21: On November 4,2010,Blazek,Inc.received $24,000 in advance for
Q22: Only one of the following could be
Q24: Which of the following could not be
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Q27: A record of all accounts,showing account activity
Q28: The accounts in the ledger are listed
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