Question

Select the most appropriate alternative from those given below and rewrite the statement.

_________________ is the list of all ledger balances.
a) balance sheet
b) trial balance
c) trading A/c
d) profit and loss A/c

Answer 1

Trial Balance is the list of all ledger balances.

Explanation: A Trial Balance is the list of all ledger balances, as it is prepared to ensure whether the total of the debit column of the Trial Balance is equal to its credit column.