A trial balance is prepared to:

a. prove that there were no errors made in recording transactions into the journal.

b. prove that each account balance is correct.

c. prove that no errors were made in posting to the ledger.

d. discover errors that affect the equality of debits and credits.

Question

Brianna Willis

Business

18 July, 19:06

A trial balance is prepared to:

a. prove that there were no errors made in recording transactions into the journal.

b. prove that each account balance is correct.

c. prove that no errors were made in posting to the ledger.

d. discover errors that affect the equality of debits and credits.

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Answers (1)

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Genevieve Clark · Answer 1

d. discover errors that affect the equality of debits and credits.

Explanation:

Trial balance : In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.

The debit columns record assets and expenses side whereas, the credit column record revenue, stockholder equity, and the liability side. It shows the error through which the debit side and the credit side would be affected.

A trial balance is prepared to:a. prove that there were no errors made in recording transactions into the journal.b. prove that each account balance is correct.c. prove that no errors were made in posting to the ledger.d. discover errors that affect the equality of debits and credits.

A trial balance is prepared to:

a. prove that there were no errors made in recording transactions into the journal.

b. prove that each account balance is correct.

c. prove that no errors were made in posting to the ledger.

d. discover errors that affect the equality of debits and credits.