Of the following financial reports, which one is the one that will determine if the accounting equation is in balance?
A) Journal entry
B) Income statement
C) Trial balance
D) Account reconciliation

Question

Quizplus · Accepted Answer

The trial balance is a report that lists the balances of all ledger accounts to ensure that total debits equal total credits, thus confirming that the accounting equation is in balance.

Of the Following Financial Reports, Which One Is the One