The dollar amounts listed on the trial balance are obtained from the:
A)beginning balances in the ledger accounts.
B)ending balances in the ledger accounts.
C)last period's balance sheet and income statement.
D)this period's balance sheet and income statement.

Question

Quizplus · Accepted Answer

The dollar amounts listed on the trial balance are obtained from the ending balances in the ledger accounts. The trial balance is a list of all the account balances in the ledger at a specific point in time, usually the end of an accounting period.

The Dollar Amounts Listed on the Trial Balance Are Obtained