MO4 Midterm Exami 12 3.75 points 01:33:14 Mc Graw Identify the statement below that is true. Multiple Choice O O The trial balance is another name for the balance sheet as long as debits balance with credits. A trial balance can replace the need for financial statements. Saved If the debit and credit columns of a trial balance are equal, one can be assured that there were no recording errors during the period. The trial balance is a list of all ledger accounts and their balances at a point in time. Another name for the trial balance is the chart of accounts. < Prev 12 of 41 www www Next > mneproducts%2 Help