A list of all active accounts and their balances at a particular date, which is used to prove the equality of debits and credits, is a
A)Chart of Accounts.
B)General Ledger.
C)Journal.
D)Trial Balance.

Question

Quizplus · Accepted Answer

A trial balance is specifically used to prove the equality of debits and credits by listing all active accounts and their balances at a specific date. A chart of accounts is a list of all accounts used by a company, a general ledger is a list of all transactions for each account, and a journal is a record of individual transactions. None of these options provide the same function as a trial balance.

A List of All Active Accounts and Their Balances at a Particular