Question

A report that lists accounts and their balances, in which the total debit balances should equal the total credit balances, is called a(n):____________. a. Account balance. b. Trial balance. c. Ledger. d. Chart of accounts. e. General Journal.

Answer 1

Answer:

b. Trial balance.

Explanation:

In the trial balance the total of debit amount and the total of credit amount would be equivalent to each other. Here the debit involves assets, expenses, dividend while on the other hand the credit involves stockholder equity, liabilities, revenues

hence, the correct option is b.

And, the rest of the options are wrong