The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a
A) ledger
B) trial balance
C) account
D) balance sheet

Question

Quizplus · Accepted Answer

The verification that the total dollar amount of the debits equals the total dollar amount of the credits is called a trial balance. A ledger is a record of accounts, while an account is a specific record of a transaction or event. A balance sheet is a financial statement that shows a company’s assets, liabilities, and equity at a specific point in time.

The Verification That the Total Dollar Amount of the Debits