which statement is true The trial balance is completed to ensure that debits and credits are equal in the General Ledger

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27-08-2020
Business

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which statement is true The trial balance is completed to ensure that debits and credits are equal in the General Ledger

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Parrain Parrain · Answer 1 · 2020-08-28T06:24:54+02:00

Answer: a. The trial balance is completed to ensure that debits and credits are equal in the General Ledger.

Explanation:

The Trial balance is used to ensure that all totals on the accounts on the debit side are equal to all totals on the accounts on the credit side.

The account totals are each listed on the debit and credit sides of the trial balance and then added up. If the amounts do not tally, it suggests that there is an error in the entries that needs to be fixed.