A trial balance is a list of all accounts and their balances at a particular date,showing that assets equal liabilities.

Name: A trial balance is a list of all accounts and their balances at a particular date,showing that assets equal liabilities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A trial balance lists all accounts and their balances at a particular date, but it shows that total debits equal total credits, not specifically that assets equal liabilities.

A Trial Balance Is a List of All Accounts and Their