What is true about the trial balance?
A)The total of the debits must equal the total of the credits.
B)It contains a detailed listing of every transaction during a period.
C)Payroll accounts do not appear on the trial balance because of their changeable nature.
D)It may contain whatever accounts the accountant wishes to include.

Question

Quizplus · Accepted Answer

The trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal. A fundamental principle of double-entry bookkeeping is that the total debits must equal the total credits.

What Is True About the Trial Balance