Which of the following is NOT a financial statement but a system to prove the balance of the debits and credits and is a list of each account and its net balance?
A) practice balance
B) trial balance
C) trial ledger
D) T-account

Question

Quizplus · Accepted Answer

A trial balance is a list of all the accounts in the general ledger, with their debit and credit balances. It is used to prove the balance of the debits and credits in the ledger, and to ensure that the total debits equal the total credits.

Which of the Following Is NOT a Financial Statement but a System