A working trial balance is:
A) a listing of the general ledger accounts and their year-end balances.
B) the set of lead schedules.
C) a summary of the effect of the auditor's reclassification entries.
D) a list of the opening subsidiary ledger account balances.

Question

Quizplus · Accepted Answer

A working trial balance is a listing of all the general ledger accounts along with their year-end balances. It is used by auditors to ensure that the totals of debits and credits in the accounts balance and to identify any errors or discrepancies in the accounts.

A Working Trial Balance Is