The purpose of the trial balance is to
a. transfer the amounts from the journal to the ledger.
b. prove that the total ledger debit balances equal the total ledger credit balances.
c. record the transactions in the journal.
d. ensure that the accounts are 100% correct.
b
You might also like to view...
Discuss briefly the two radically different philosophies that guide negotiations.
What will be an ideal response?
Which of the following is exclusive to a production-oriented company?
A) Balance sheet B) Statement of cash flows C) Income statement D) Statement of cost of goods manufactured
An advantage of the partnership form of business is that each partner's potential loss is limited to that partner's investment in the partnership
Indicate whether the statement is true or false
A linear programming model solution with integer restrictions is called a relaxed solution
Indicate whether this statement is true or false.