A trail balance is a................. |
Statement Summary Account Ledger |
Statement |
The correct answer is option 1- Statement. A trial balance is a statement showing the balances, or total of debits and credits, of all the accounts in the ledger with a view to verify the arithmetical accuracy of posting into the ledger accounts. Trial balance is an important statement in the accounting process as it shows the final position of all accounts and helps in preparing the final statements. |