Sia
sun93790's Question
Statistics
Posted 7 months ago
A trial balance is the listing of each active account and its corresponding debit or credit balance at a particular point in time.
True
False
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Answer from Sia
Posted 7 months ago
Based on the information provided by the OCR model, the statement about a trial balance being the listing of each active account and its corresponding debit or credit balance at a particular point in time is true. This aligns with the accounting principle of ensuring that debits and credits are balanced in the trial balance.Not the question you are looking for? Ask here!
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