Question

15 which of the following correctly describes a list of accounts and their balances, showing that total debits equal total credits? multiple choice chart of accounts journal trial balance general ledger

Explanation:

A trial balance is a list of all accounts and their balances at a given time. Its purpose is to ensure that total debits equal total credits in the double - entry accounting system. A chart of accounts is a list of all accounts used by a company. A journal records transactions in chronological order. A general ledger contains all the accounts and their balances.

Answer:

C. Trial balance