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:

Own Residence

The act of living in a housing unit that one owns, as opposed to renting from someone else.

Grandparents

The parents of a person's father or mother, playing significant roles in families through support, tradition, and wisdom.

Extended Family

A family group that extends beyond the nuclear family, including relatives such as grandparents, aunts, uncles, and cousins, often living close by or within the same household.

Nuclear Family

A family unit consisting of two parents and their children, living together as a single household.