The trial balance
A) includes all accounts with a balance in the ledger.
B) includes assets, liabilities, capital, withdrawals, revenues and expenses.
C) ensures that debits equal credits.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The trial balance includes all accounts with a balance in the ledger, which are assets, liabilities, capital, withdrawals, revenues and expenses. Its purpose is to ensure that the debits equal credits in the accounting system. Therefore, all options are correct.

The Trial Balance