Of the following,which is an internal report that will determine if debit balances equal credit balances in the ledger?
A)chart of accounts
B)income statement
C)trial balance
D)account reconciliation

Question

Quizplus · Accepted Answer

The trial balance is an internal report that lists all the accounts in the ledger and their balances. Its main purpose is to ensure that the total of all debit balances equals the total of all credit balances. If they don’t match, it indicates that there is an error in the accounting records that needs to be corrected.

Of the Following,which Is an Internal Report That Will Determine