A trial balance: a. lists only revenue and expense accounts. b. lists all accounts and their balances.

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A trial balance:

a. lists only revenue and expense accounts.

b. lists all accounts and their balances.

c. will help detect omitted journal entries.

d. detects all errors that could be made during the journalizing or posting steps of the accounting cycle.

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Related Book For book-img-for-question

Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 07, 2024 01:06 AM

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A trial balance: a. lists only revenue and expense accounts. b. lists all accounts and their balances.

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Cornerstones Of Financial Accounting

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