zokal5467 zokal5467

05-10-2019
Business

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

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andromache andromache

05-10-2019

Answer:

C. A trial balance presents data in debit and credit format.

Explanation:

In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.

The debit columns records assets and expenses side whereas, the credit column record revenue, stockholder equity, and the liability side.

Therefore, option C is correct and the rest options are wrong.

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