Match the following terms with their correct definition.
-a list of all active accounts and each account's debit or credit balance

Question

Quizplus · Accepted Answer

HA trial balance is a list of all active accounts and each account's debit or credit balance, which is typically prepared at the end of an accounting period to ensure that debits equal credits. The general ledger is where all the accounting transactions of a business are recorded, including each account's debit or credit balance, making it closely related to the concept of a trial balance.

Match the Following Terms with Their Correct Definition