A list of all accounts and their balances which is used to prove the equality of debits and credits as of a specific date is a(an)
A) Account
B) General Journal
C) Trial Balance
D) Chart of Accounts

Question

Quizplus · Accepted Answer

A list of all accounts and their balances which is used to prove the equality of debits and credits as of a specific date is known as a Trial Balance. Accounts and their balances are listed in two columns, with the debits in the left column and credits in the right column. The total of the debit column must always be equal to the total of the credit column, providing a basic check on the accuracy of accounting records.

A List of All Accounts and Their Balances Which Is