Question

The purpose of a trial balance is to ​(check all that ​apply)​: A. Record transactions in date order B. Show the change in Retained Earnings over a period of time C. Provide a useful summary of accounts and their balances at a point in time D. Provide an accuracy check by showing whether total debits equal total credits

Answer 1

Answer:

D.

Explanation:

The purpose of a trial balance is to ensure that all entries made, in the general ledger, are balanced. So, it must show that the total dollars of debits equal total dollars of credits, if it doesn't match a mistake was made, probably in one account there's transactions extras.

This is the main purpose of a trial balance, to check debits and credits are equal.