Under IFRS, the trial balance
A) follow the same format as under GAAP.
B) shows credits on the left and debits on the right.
C) include less accounts than under GAAP.
D) include more accounts than under GAAP.

Question

Quizplus · Accepted Answer

The trial balance under IFRS follows the same format as under GAAP, with debits on the left and credits on the right. The number of accounts included is not determined by IFRS or GAAP but by the entity's transactions.

Under IFRS, the Trial Balance