A summary of the ledger that lists the accounts and their balances,in which the total debit balances should equal the total credit balances,is called a(n):
A) Account balance.
B) Trial balance.
C) Ledger.
D) Chart of accounts.
E) General Journal.

Question

Quizplus · Accepted Answer

A summary of the ledger that lists the accounts and their balances, in which the total debit balances should equal the total credit balances, is called a trial balance. The other options are incorrect or do not fully describe a trial balance.

A Summary of the Ledger That Lists the Accounts and Their