The trial balance:
A) includes all accounts with a ledger balance.
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 ledger balance, encompasses all types of accounts (assets, liabilities, capital, withdrawals, revenues, and expenses), and is used to ensure that the total debits equal the total credits, which is a fundamental principle of double-entry bookkeeping.

The Trial Balance