WAEC Accounting 2013 Objective — Question 4
Question 4 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following is not a characteristic of a Trial Balance?
- A. It has columns for debit and credit balances
- B. Total of debit balance equals total of credit balance
- C. It is a statement
- D. It is an accountCorrect
Explanation
A trial balance is not an account because it does not affect any changes to balances.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.