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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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What is the purpose of a trial balance?

To determine

Explain the purpose of the trial balance.

Explanation

Trial balance: Trial balance is a summary of all the ledger accounts balances presented in a tabular form with two column, debit and credit.

Purpose of the trial balance:

  • Trial balance is the worksheet that helps to list all the general ledger accounts of the company with their respective balances...

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