The trial balance is a list of the accounts that have balances in the ledger.  True False

A trial balance is also a tool in checking whether the journal entries are accurately done and posted in the ledger.Select one:TrueFalse

After all adjusting entries have been journalised and posted, another trial balance is prepared from the ledger accounts. This later trial balance is known as the: A. adjusted trial balance. B. unadjusted trial balance. C. temporary trial balance. D. permanent trial balance.

Which of the following statements about the trial balance is incorrect?a.It is a list of balances from the ledger accountsb.It provides a useful check on the accuracy of the ledger accountsc.It calculates the profit or loss achieved by the businessd.The total value of debits must equal the total value of credits

If a general ledger account with a debit balance is included in the trial balance as a credit balance, the total debits and total credits of the the trial balance will NOT be equal.

The post-closing trial balance includes which of the following accounts?*a. Permanent (real) accountsb. Temporary (nominal) accountsc. Accounts shown in the income statementd. None of the above.