Which of the following best describes the meaning of Purchases? Select one: a Goods paid for b. Goods bought for resale. c. Items bought d. Goods bought on credit. Which of the following best describes a trial balance? Select one: a. It is a special account b. Shows the financial position of a business. c. Shows all the entries in the books. d. It is a list of balances on the books. Is it true that the trial balance totals should agree? Select one: a. Yes, except where the trial balance is extracted at the year end. b. Yes, always. c. No, because it is not a financial position. d. No, there are sometimes good reasons why they differ