Match the words with the term.
-shows that debits = credits
A) journals
B) ledgers
C) assets, liabilities
D) statement of income
E) trial balance

Question

Quizplus · Accepted Answer

The trial balance is the accounting report that shows that debits equal credits. It lists all the accounts in the general ledger and their balances (both debit and credit) to ensure that total debits equal total credits, which is a fundamental principle of double-entry bookkeeping.

Match the Words with the Term