A _________ summarizes all the data in the account ledgers to verify that they balance.

Question

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A trial balance summarizes all the accounts in the ledger and checks whether they balance. It is a tool used by accountants to ensure that the total debit balances equal the total credit balances across all accounts. A ledger statement is a record of transactions in a specific account or group of accounts, and does not summarize all the data in the account ledgers. A balance sheet is a financial statement that details a company's assets, liabilities, and equity at a specific point in time, and does not necessarily involve checking whether the ledger balances. A statement of cash flows is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and does not involve checking whether the ledger balances.

A _________ Summarizes All the Data in the Account Ledgers