Question

Fill in the blanks with correct alternative and rewrite the statements :

A Trial Balance is a List of _______ accounts.
a) Personal
b) Real
c) Nominal
d) Ledger

Answer 1

A Trial Balance is a List of Ledger accounts.

Explanation:
A Trial Balance is a summary of balances of all the ledger accounts, i.e. Personal, Real and Nominal. It includes the list of all ledger accounts. Balances of all the ledger accounts are taken into account while preparing the Trial Balance.