Q90
Which of the following is known as the base for preparing trial balance?
A.
Journal
B.
Cash account
C.
Ledger account
AnswerD.
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.