Examlex
Identify the letter of the choice that best matches the phrase or definition.
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Trial Balance
A bookkeeping report that lists the balances of all ledgers' accounts in two columns, debit and credit, to ensure that entries in a company’s bookkeeping system are mathematically correct.
Ledger
A comprehensive collection of all the accounts of a company, showing transactions and resulting balances.
Journal
A book or digital record used in accounting to record each financial transaction as it occurs in chronological order.
Ledger
A book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.
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