Heather works in the accounting department of CanFar Manufacturing.Today she will summarize all the information that has been posted over the most recent period in the firm's ledgers.She wants to see if the accounts are balanced as required by the double-entry method of bookkeeping.Heather will do this by preparing a(n):

Question

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Heather is summarizing the information in the ledgers to check if the accounts balance according to the double-entry method of bookkeeping. The tool used for this purpose is a trial balance, which lists all the accounts and their balances to check if the total debits equal the total credits. Therefore, the best choice is D) trial balance. The other options, A) account analysis, B) statement of cash flows, and C) balance sheet, are also financial statements, but they serve different purposes and are not designed to check the balance of accounts according to the double-entry method of bookkeeping.

Heather Works in the Accounting Department of CanFar Manufacturing