JAMB - Accounts Principles Of Accounts (2025 - No. 42)
Which of the following describe trial balance?
It is a special account
It reveals the financial position of a business
It is a list of accounting balances on the books
It shows all the entries in the books
Explanation
A trial balance is a list of all general ledger accounts, showing each account’s name and balance. Each balance is either a debit or a credit.
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