multiple choice question\nwhich of the following statements explains what a trial balance is?\n\na trial…

multiple choice question\nwhich of the following statements explains what a trial balance is?\n\na trial balance proves that debit balances equal debit balances within the general ledger.\na trial balance confirms that no mistakes were made in recording transactions.\na trial balance confirms that the sum of debit account balances equals the sum of credit account balances.\na trial balance is prepared before posting of any journal entries.

multiple choice question\nwhich of the following statements explains what a trial balance is?\n\na trial balance proves that debit balances equal debit balances within the general ledger.\na trial balance confirms that no mistakes were made in recording transactions.\na trial balance confirms that the sum of debit account balances equals the sum of credit account balances.\na trial balance is prepared before posting of any journal entries.

Answer

Brief Explanations:

A trial balance is a statement that lists the balances of all general - ledger accounts. Its main purpose is to ensure that the total of debit account balances equals the total of credit account balances. It doesn't prove that no mistakes were made (e.g., a transaction could be completely omitted or recorded in the wrong accounts and still not affect the trial - balance equality). It is prepared after journal entries have been posted to the general ledger.

Answer:

A trial balance confirms that the sum of debit account balances equals the sum of credit account balances.