Which of the following statements is true of a trial balance?
A trial balance has the same format as a balance sheet.
A trial balance presents data in debit and credit format.
A trial balance shows the total amounts of assets and liabilities, but not equity.
A trial balance is prepared after the balance sheet.
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.
