Which of the following describes a trial balance?

Name: Which of the following describes a trial balance?
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Question

Quizplus · Accepted Answer

A trial balance is a tool used to prove the equality of debits and credits in the general ledger, meaning that the total of all debit balances should equal the total of all credit balances. It is not an optional financial statement used only by creditors, a list of accounts and their balances taken from the chart of accounts, or a financial statement that can be used in place of a balance sheet.

Which of the Following Describes a Trial Balance