A trial balance is prepared at the end of the accounting period
A) and lists all accounts contained in the chart of accounts.
B) and lists all general ledger accounts and their balances.
C) and, if debits equal credits, verifies that the accounting records are correct.
D) to determine that revenues and expenses are equal.
E) to determine that the balance sheet is in balance.

Question

Quizplus · Accepted Answer

A trial balance lists all general ledger accounts and their balances at the end of an accounting period to ensure that total debits equal total credits.

A Trial Balance Is Prepared at the End of the Accounting