Asked by Oscar Gordillo on May 30, 2024
Verified
A trial balance proves
A) the mathematical equality of debits and credits in the ledger.
B) the ledger is posted correctly.
C) that all transactions have been recorded correctly.
D) that all transactions have been posted.
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts to verify that total debits equal total credits.
Mathematical Equality
A situation in mathematics where two expressions are equivalent in value, denoted by the equal sign.
Ledger
A comprehensive book or database of financial accounts where all transactions are recorded, typically categorized by account.
- Understand the methodology for preparing and examining a trial balance.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
A
Explanation :
A trial balance is primarily used to prove the mathematical equality of debits and credits after posting. It does not ensure transactions are recorded or posted correctly in terms of content or completeness.
Learning Objectives
- Understand the methodology for preparing and examining a trial balance.