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Which of the following describes a trial balance?

Which of the following describes a trial balance?
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  • A It is a special account
  • B It is a list of balances in the books
  • C It reveals the financial position of a business
  • D It shows all the entries in the books of a business
Correct Answer: Option B
Explanation:
A trial balance is a bookkeeping or accounting report that lists the balances in each of an organization's general ledger accounts.

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