A trial balance that balances is useful because it indicates with certainty that:
A) All entries into accounts during the period were made correctly.
B) All accounts have normal balances.
C) Total debits in the general ledger equal total credits.
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

A trial balance that balances indicates that the total debits equal the total credits in the general ledger, but it does not guarantee that all entries were made correctly or that all accounts have normal balances.

A Trial Balance That Balances Is Useful Because It Indicates