The trial balance:
A)lists only the accounts, with their balances, which are used to prepare the Balance Sheet.
B)lists only the accounts, with their balances, which are used to prepare the Income Statement.
C)lists account names but no balances.
D)lists all accounts, with their balances, on a given date.

Question

Quizplus · Accepted Answer

The trial balance lists all accounts, with their balances, on a given date. This includes accounts used in both the Balance Sheet and the Income Statement.

The Trial Balance