The trial balance verifies the equality of debits and credits at a point in time.

Name: The trial balance verifies the equality of debits and credits at a point in time.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

The trial balance is a statement that lists all the accounts and their balances in either the debit or credit column. It is used to verify that the total of all debits equal the total of all credits. Therefore, the statement in the question is true and the answer is A.

The Trial Balance Verifies the Equality of Debits and Credits