4.4 Trial Balance Flashcards
1
Q
Trial Balance
A
A listing of the account balances in a ledger
2
Q
What are Trial Balances used for?
A
To see the dollar value of the accounts with debit balances is equal to the dollar value of the accounts with credit balances
3
Q
In and out balances
A
If they agree, the ledger is said to be in balance (Dr=Cr)
4
Q
A
