If the total debits equal the total credits on the trial balance, the individual account balances will be error free

Indicate whether the statement is true or false

FALSE

Business

You might also like to view...

If the Fair Value Adjustment account for trading investments has a debit balance, ________

A) it is subtracted from the Fixed Asset account to determine carrying value B) it is subtracted from the Short-term Investment-Trading account to determine carrying value C) it is added to the Short-term Investment-Trading account to determine carrying value D) it is added to the Fixed Asset account to determine carrying value

Business

Which of the following would not be an effective technique for gaining audience attention in sales messages?

A) offering an exciting product benefit B) encouraging people to place an order C) offering a unique solution to a common problem D) appealing to people's emotions E) offering a piece of interesting news

Business