Which of the following statements is NOT true?
A) Account balances are used to prepare a trial balance.
B) A Trial Balance helps prove the accuracy of the ledger.
C) Footings are needed even if an account has only a single entry.
D) Accounts are listed in order on the Trial Balance.

Question

Quizplus · Accepted Answer

Footings are only necessary if an account has multiple entries. Single-entry accounts only need the one entry listed on the trial balance.

Which of the Following Statements Is NOT True