That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n)
A) chart of accounts
B) trial balance
C) income statement
D) balance sheet

Question

Quizplus · Accepted Answer

A trial balance compares the total debits and credits of each account in the ledger to ensure they balance. This helps to identify errors in recording transactions. A chart of accounts is a list of all the accounts used by a company, but it does not verify that debits and credits balance. An income statement and balance sheet do not directly verify the accuracy of debits and credits.

That the Total Dollar Amount of the Debits Equals the Total