Audrey 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, Audrey will prepare a(n)
A) account analysis.
B) statement of cash flows.
C) balance sheet.
D) trial balance.

Question

Quizplus · Accepted Answer

A trial balance is a summary of all the financial data in the ledger to make certain the figures are correct and balanced.

Audrey Works in the Accounting Department of Colorado Manufacturing