A trial balance is prepared to
A) prove that there were no errors made in recording transactions into the journal
B) prove that no errors were made in posting to the ledger
C) prove that each account balance is correct
D) summarize the account balances to help prepare financial statements

Question

Quizplus · Accepted Answer

A trial balance is prepared to summarize the account balances to help prepare financial statements. It ensures that total debits equal total credits, but it does not prove that there are no errors in recording or posting transactions.

A Trial Balance Is Prepared to