Identify the report that summarizes the Chart of Accounts.
A)Trial Balance.
B)Summary reports such as A/R Aging.
C)Adjusting entry report.
D)Cash Flow forecast.
E)None of these.

Question

Quizplus · Accepted Answer

The Trial Balance summarizes the Chart of Accounts by listing all the accounts from the ledger and their balances, providing a quick overview of the financial position of a business at a specific point in time.

Identify the Report That Summarizes the Chart of Accounts