The main reason an accountant would conduct a trial balance would be to:
A)determine whether account figures in ledgers are correct and balanced.
B)ensure the audit was done correctly.
C)obtain an estimate of the amount of taxes the firm owes.
D)verify the validity of last year's balance sheet before beginning the next accounting cycle.

Question

Quizplus · Accepted Answer

The main purpose of a trial balance is to ensure that the total debits equal the total credits in the accounts. This helps to identify any errors or discrepancies in the accounts and ensure that the figures are correct and balanced.

The Main Reason an Accountant Would Conduct a Trial Balance