Asked by Lydia Silva on Apr 27, 2024
Verified
The trial balance is a listing of account balances that are found in the general ledger.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.
General Ledger
A comprehensive record of all financial transactions that occur within a business, sorted by account.
- Understand the purpose and methodology involved in the preparation of a trial balance.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
True
Explanation :
The trial balance is indeed a listing of account balances found in the general ledger.
Learning Objectives
- Understand the purpose and methodology involved in the preparation of a trial balance.