A trial balance checks the equality of debits and credits.

Question

Quizplus · Accepted Answer

A trial balance is a statement that lists all the general ledger accounts and their balances in debit or credit columns. It is used to check if the total of debits equals the total of credits, ensuring that the accounting equation (assets = liabilities + equity) is in balance. Therefore, a trial balance checks the equality of debits and credits, making option A the correct answer.

A Trial Balance Checks the Equality of Debits and Credits