The informal listing of the ledger accounts and their balances in the ledger to aid in providing the equality of debits and credits is the:
A)journal.
B)ledger.
C)income statement.
D)trial balance.

Question

Quizplus · Accepted Answer

The informal listing of the ledger accounts and their balances in the ledger to aid in providing the equality of debits and credits is the trial balance. The journal is the book of original entry where transactions are initially recorded, the ledger is where all transactions are posted and maintained, and the income statement is a financial statement that summarizes a company's revenue and expenses over a period of time.

The Informal Listing of the Ledger Accounts and Their Balances