Heather works in the accounting department of Colorado Manufacturing.Today she will use the firm's ledger to summarize information that was posted over the most recent time period.Her goal is to determine if the accounts are balanced as required by the double-entry method of bookkeeping.To be sure they are correct,Heather will prepare an):
A)Account analysis.
B)Statement of cash flows.
C)Balance sheet.
D)Trial balance.

Question

Quizplus · Accepted Answer

The best choice for Heather to determine if the accounts are balanced is to prepare a trial balance. A trial balance is a statement that summarizes all the accounts in the ledger with their debit and credit balances. It's used to ensure that the total debits equal the total credits and that all accounts have been accurately recorded. Therefore, a trial balance is the most appropriate choice for Heather's task.

Heather Works in the Accounting Department of Colorado Manufacturing