The Basic Purpose of a Trial Balance Is to

question 30

Multiple Choice

The basic purpose of a trial balance is to

• A)list all of the accounts in the general ledger
• B)list all of the accounts in the general ledger that have a balance
• C)be sure that all journal entries have been recorded
• D)verify that the total credits equal the total debits

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Definitions:

Dollars

The unit of currency used in the United States and other countries, often symbolized by $.

Internal Rewards

Personal satisfaction and intrinsic motivations that come from within an individual, rather than external rewards.

Sense of Achievement

A feeling of pride and satisfaction that comes from accomplishing a task or reaching a goal.

Pride in Accomplishment

is a feeling of satisfaction and self-respect that comes from achieving or excelling in something.