Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A trial balance is a list of debit and credit balances taken from the general ledger accounts. It is divided into two sections, namely a

A trial balance is a list of debit and credit balances taken from the general ledger accounts. It is divided into two sections, namely a financial position section and a nominal accounts section. Which of the following general ledger accounts will form part of the nominal account section in the trial balance? Select one: O a. Assets accounts O b. Liabilities accounts O c. All income and expenses accounts O d. Equity accounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of External Auditing

Authors: Brenda Porter, David Hatherly, Jon Simon

3rd Edition

0470018259, 9780470018255

More Books

Students also viewed these Accounting questions