Which of the following is best defined as a listing of all the accounts and balances in the general ledger at the end of the reporting period?
A) Balance sheet
B) Trial balance
C) Chart of accounts
D) Income statement

Question

Quizplus · Accepted Answer

A trial balance is a report that lists all the accounts of a company and their balances at a particular time, typically at the end of a reporting period. It is used to ensure that debits equal credits, indicating that the ledger is balanced.

Which of the Following Is Best Defined as a Listing