A listing of all open accounts with their debit or credit balances totalled is a:
A)balance sheet.
B)trial balance.
C)ledger balance.
D)account balance.

Question

Quizplus · Accepted Answer

A listing of all open accounts with their debit or credit balances totalled is a trial balance. A balance sheet is a financial statement that shows assets, liabilities, and equity of a company at a specific point in time. Ledger balance refers to the current balance in a specific account in the general ledger, and account balance refers to the balance of a specific account.

A Listing of All Open Accounts with Their Debit or Credit