The columns on a trial balance represent:
A)revenues and expenses.
B)debits and credits.
C)common stock and dividends.
D)subtotals and totals.

Question

Quizplus · Accepted Answer

The columns on a trial balance represent the total debits and credits of each account, which are necessary for ensuring that the total debits equal the total credits on the financial statements. Thus, the correct choice is B, which reflects the fundamental accounting principle of double-entry bookkeeping. A is incorrect because a trial balance only includes account balances and not revenues and expenses. C is incorrect because common stock and dividends are equity accounts that are not included in a trial balance. D is incorrect because a trial balance does not have subtotals or totals; rather, it lists all the account balances and their corresponding debit or credit balances.

The Columns on a Trial Balance Represent