A trial balance is a listing of
A) transactions in a journal.
B) the chart of accounts.
C) general ledger accounts and balances.
D) the totals from the journal pages.

Question

Quizplus · Accepted Answer

A trial balance is a list of all general ledger accounts and their balances to ensure that the debits and credits are equal. It is a tool used to identify errors in the accounting system. A trial balance is created after all transactions have been recorded in the journal and posted to the general ledger accounts. Therefore, options A, B, and D are incorrect as they do not accurately describe a trial balance.

A Trial Balance Is a Listing of