A trial balance is a(n) (list/balance/chart) _ of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of _ account balances. Use one word for each blank.

A Trial Balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check.

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Tundexi Tundexi · Answer 2 · 2021-09-03T20:06:44+02:00

The answer is List and Credit

Trial balance is the list of ledger balance and these are compiled into debit and credit account column and the totals are equal.

Its ensure that entries made into the general ledger are properly balanced.

Its ensures that the entries are mathematically correct.

Its make the preparation of the Trading, Profit & loss account easier since its complies all necessary information.

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A trial balance is a(n) (list/balance/chart) ___ of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of ___ account balances. Use one word for each blank.

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A trial balance is a(n) (list/balance/chart) _ of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of _ account balances. Use one word for each blank.