Which of the following statements is true?
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The trial balance is a book of original entry |
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The trial balance is another name for the balance sheet as long as debits balance with credits |
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Another name for trial balance is chart of accounts |
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The trial balance is a list of all accounts from the ledger with their balances at a point in time |
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If the trial balance is in balance, it proves that no errors have been made in recording and posting transactions |
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