Which of the following statements is correct about the unadjusted trial balance?
A)Only balance sheet accounts are listed.
B)Typically,accounts are listed in order of all debit balance accounts first and all credit balance accounts next.
C)When it balances,transactions have been properly recorded.
D)Total debits should equal total credits.

Question

Quizplus · Accepted Answer

Total debits should equal total credits in the unadjusted trial balance,which lists all of the accounts and their balances.The balance sheet accounts are followed by the income statement accounts.Even if total debits equal total credits,it is possible that errors in recording transactions were made.

Which of the Following Statements Is Correct About the Unadjusted