A trail balance a proves that debits and credits are equal i

A trail balance

a. proves that debits and credits are equal in the ledger.

b. supplies a listing of open accounts and their balances that are used in preparing financial statements.

c. is normally prepared three times in the accounting cycle

d. All of these answer choices are correct.

Solution

d. All of these answer choices are correct.

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns.