A trial balance consists of:
A)A two-column schedule of all debit and credit entries posted to ledger accounts.
B)A two-column financial statement intended for distribution to interested parties outside the business.
C)A two-column schedule showing the totals of all debits and of all credits made in journal entries.
D)A two-column schedule listing names and balances of all ledger accounts.

Question

Quizplus · Accepted Answer

A trial balance is a two-column schedule that lists the names and balances of all ledger accounts to ensure that total debits equal total credits.

A Trial Balance Consists Of