The main purpose of the trial balance is to check that debits equal credits.
Correct Answer:
Verified
Q19: Under the double-entry system revenues must always
Q20: An individual accounting record for a specific
Q21: The chart of accounts is the framework
Q22: Prepaid expenses are recorded as
A)expenses on the
Q23: A list of accounts and their account
Q25: A trial balance can still balance even
Q27: The chart of accounts is a special
Q27: If a journal entry is posted twice,
Q28: A compound journal entry affects more than
Q29: An increase in the Dividends Declared account
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