What statement is true regarding the trial balance?
A)A balance of debits and credits ensures that all transactions have been recorded correctly.
B)The income statement is prepared using the post-closing trial balance.
C)Incorrectly recording a cash sale as a sale on account would not cause the trial balance to be out of balance.
D)Trial balances are only prepared at the end of an accounting perioD.Debiting the accounts receivable account instead of the cash account would not cause the trial balance to be out of balance. It would only cause the balances in those two accounts to be inaccurate.

Question

Quizplus · Accepted Answer

The trial balance will still balance if a cash sale is incorrectly recorded as a sale on account because both debits and credits are still recorded, just in the wrong accounts.

What Statement Is True Regarding the Trial Balance