A trial balance is simply a list of all accounts and their balances at a point in time.

Name: A trial balance is simply a list of all accounts and their balances at a point in time.
Brand: Quizplus
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Quizplus · Accepted Answer

A trial balance is indeed a list of all accounts and their balances at a specific point in time, usually at the end of an accounting period. It is used to ensure that the total debits equal the total credits, and to identify any errors or discrepancies in the accounts.

A Trial Balance Is Simply a List of All Accounts