The informal listing of the ledger accounts and their balances in the ledger to aid in proving the equality of debits and credits is the
A) journal.
B) ledger.
C) income statement.
D) trial balance.

Question

Quizplus · Accepted Answer

The informal listing of the ledger accounts and their balances in the ledger to aid in proving the equality of debits and credits is called a trial balance. The other options, such as the journal and income statement, serve different purposes in the accounting process. The ledger is where individual account balances are recorded, but it is not used to specifically aid in proving the equality of debits and credits.

The Informal Listing of the Ledger Accounts and Their Balances