A trial balance is a(n)
A)optional financial statement used only by accountants.
B)financial statement that can be used in place of a balance sheet.
C)list of accounts.
D)document used to prove the equality of debits and credits in the general ledger.

Question

Quizplus · Accepted Answer

A trial balance is a document used to prove the equality of debits and credits in the general ledger. It is an important tool for ensuring that the accounting records are accurate and in balance. A trial balance lists all the accounts in the general ledger along with their current balances, and it shows the total debits and credits for each account. The total debits should always equal the total credits, and if they do not, it indicates that there is an error in the accounting records that needs to be resolved.

A Trial Balance Is A(n)