Clutch

Find your answers, solutions and more...

Try our new improved search engine "Clutch." More relevant, better matches, 100% accuracy at light speed!

AuthorTopic

  • PhD Member
  • ******
Which of the following statements is true of a trial balance?

A) A trial balance has the same format as a balance sheet.
B) A trial balance presents data in debit and credit format.
C) A trial balance shows the total amounts of assets and liabilities, but not equity.
D) A trial balance is prepared after the balance sheet.

Marked as best answer by Juliana

  • PhD Member
  • ******
B

Questions you may also like

Related Posts

» Which of the following users would rely on managerial accounting information for decision-making purposes?
» Which of the following is an external user of a business's financial information?
» Which of the following organizations is responsible for the creation and governance of accounting standards in the United States?
» Which of the following is a major reason why corporate ownership is popular in the United States?
» Which of the following actions determines when a corporation comes into existence?

  • PhD Member
  • ******
Right on time. Thanks a bunch.