A working trial balance is:
A) a listing of the general ledger accounts and their year- end balances.
B) a summary of the effect of the auditor's reclassification entries.
C) the set of lead schedules.
D) a list of the opening subsidiary ledger account balances.

Question

Quizplus · Accepted Answer

A working trial balance is a list of all the general ledger accounts and their year-end balances. It is used to ensure that debits and credits are equal and to identify any errors before the financial statements are prepared.

A Working Trial Balance Is