Q100
Trial Balance is prepared to check accuracy of
A.
Ledger account balances
AnswerB.
Balance sheet balances
C.
Income statement balances
D.
Cash flow statement balances
Answer: Option A
Solution
Answer: Option A
Solution:
A Trial Balance is a statement that shows the total of debit and credit balances of accounts. The total of debit amounts shall be equal to the credit amounts for the trial balance to tally. Hence, it verifies the arithmetical accuracy of the postings in the ledger accounts.