Vidyalelo
Commerce · Q90

Accounting

Graduate and Post Graduate · Commerce · question 90

Q90

Which of the following is known as the base for preparing trial balance?

A.
Journal
B.
Cash account
C.
Ledger account
Answer
D.
Balance Sheet

Answer: Option C

Solution

Answer: Option C
Solution:
Ledger account is known as the base for preparing trial balance. The trial balance can then be prepared by listing each closing balance from the general ledger accounts as either a debit or a credit balance.