A list of accounts and their balances at a given time is called a(n)
A) journal.
B) posting.
C) trial balance.
D) income statement.

Question

Quizplus · Accepted Answer

A list of accounts and their balances at a given time is called a trial balance. Option A, journal, is a record of initial accounting transactions. Option B, posting, is the process of transferring information from the journal to the ledger. Option D, income statement, is a financial statement that shows a company's revenues and expenses over a period of time.

A List of Accounts and Their Balances at a Given