The trial balance is used to determine if:
A)total assets equal total liabilities.
B)total debits of all the accounts equal total credits of all the accounts.
C)total debits of the income statement accounts equal the total credits of the income statement accounts.
D)total debits of the balance sheet accounts equal the total credits of the balance sheet accounts.

Question

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The trial balance is used to ensure that the total debits of all the accounts in the general ledger equal the total credits of all the accounts. This ensures that the financial records are accurate and that the accounting equation (assets = liabilities + equity) is in balance. While options A, C, and D are related to accounting principles, they do not specifically pertain to the purpose of the trial balance.

The Trial Balance Is Used to Determine If