True. The trial balance uses the double entry system, which means that debits have to balance with the credits.
False. Liability accounts have credit balances.
False. The trial balance can still balance even with errors. For example, someone may mistakenly put a credit entry as a debit entry and vice versa.
False. If a transaction has been recorded twice the trial balance is not guaranteed to balance; it can go either way.
False. The transactions are recorded in the journal first.
False. The old rule for journal entries is to record the debits before the credits.
False. The system uses a numerical system for easy identification.
False. Sometimes the error may be caused by failure to record a certain transaction. You don't always have to post a transaction to recognize the error.