Which of the following statements about the trial balance is correct?
A. The debits and credits must balance.
B. The equality of credits and debits ensures that no errors were made.
C. The post-closing trial balance includes temporary accounts only.
D. The post-closing trial balance is used to prepare the financial statements.
Answer:A
Which of the following statements about the trial balance is correct?
A. The debits and credits must balance. B. The equality of credits and debits ensures that no errors were made. C. The post-closing trial balance includes temporary accounts only. D. The post-closing trial balance is used to prepare the financial statements.