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0 votes
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in Accounts by (15 points)

Which of the following best describes a trial balance?

  1. It is a list of balances on the books
  2. It is a special account
  3. Shows the financial position of a business
  4. Shows all the entries in the books

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1 Answer

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The best description of a trial balance is a statement that shows all the entries in the books. A trial balance is a statement that contains all the balances of real, nominal, and personal accounts.

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