Which of the following is prepared from ledger accounts to test the ar
B. Trial balance
D. Profit & Loss accounts
Right Answer is: B
• A trial balance is a statement of all the general ledger accounts contained in the ledger of a business.
• The general purpose of producing a trial balance is to ensure the entries in a company’s ledger are mathematically correct.
• The total of debit amounts shall be equal to the credit amounts in the trial balance.