The steps in preparing a trial balance include all of the following except
A) listing the account titles and their balances.
B) totaling the debit and credit columns.
C) proving the equality of the two columns.
D) transferring journal amounts to ledger accounts.

Question

Quizplus · Accepted Answer

The steps in preparing a trial balance include listing the account titles and their balances, totaling the debit and credit columns, and proving the equality of the two columns. The fourth step is to prepare financial statements from the account balances, not transferring journal amounts to ledger accounts.

The Steps in Preparing a Trial Balance Include All of the Following