Author Question: A trial balance is a. a listing of all the assets, liabilities, and owner's equity accounts that ... (Read 130 times)

littleanan · **on:** Jul 6, 2018

A trial balance is
a. a listing of all the assets, liabilities, and owner's equity accounts that have balances.
b. a listing of all the accounts that have zero balances.
c. a listing of all the revenue and expense accounts that have balances.
d. all of these.
e. none of these.

Question 2

Which of the following is an advantage of third-party data source?

A) It can be obtained independently by the forensic accountant, without the assistance of the subject or engaging counsel.
B) It is outside the subject's ability to manipulate.
C) It is direct and accessible.
D) It can give an insight on the environment in which the subject operates.

ntsoane kedibone · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

A

Answer to Question 2

B
Explanation: B) The primary advantage of third-party data source is that it is outside the subject's ability to manipulate.