Which of the following is provided by a trial balance in which total debits equal total credits?
A: Proof that no transaction was completely omitted from the ledger during the posting process.
B: Proof that the correct debit or credit balance has been computed for each account.
C: Proof that the ledger is in balance.
D: Proof that transactions have been correctly analyzed and recorded in the proper accounts.
A: Proof that no transaction was completely omitted from the ledger during the posting process.
B: Proof that the correct debit or credit balance has been computed for each account.
C: Proof that the ledger is in balance.
D: Proof that transactions have been correctly analyzed and recorded in the proper accounts.
举一反三
- Which of the following is not a step in the accounting cycle? A: Journalizing the transactions B: Preparing a sale order C: Posting of journal entries to ledger accounts D: Preparing a trial balance
- What is the specific order of the recording process? A: Journal, trial balance, financial statements, ledger, transaction documentation B: Transaction documentation, journal, ledger, trial balance, financial statements C: Transaction documentation, ledger, journal, trial balance, financial statements D: Trial balance, financial statements, ledger, journal, transaction documentation E: Ledger, journal, transaction documentation, trial balance, financial statements
- The process of posting journal into ledger account is called( ) A: Analysing B: Journalizing C: Posting D: The trial balance
- The essential point of the double-entry system of accounting is that every transaction A: affects accounts on both sides of the balance sheet. B: is recorded in both the journal and the ledger. C: increase one ledger account and decrease another. D: affects two or more ledger accounts and is recorded by an equal amount of debits and credits.
- Translate the following sentence from English into Chinese. When the transaction is recorded in the ledger, the debits and credits are entered in different accounts.