Question

A list of all accounts and their balances at a particular date showing that debits equal credits is known as a trial ________

Answer 1

balance

Step-by-step explanation:

All the accounts having outstanding balances at a particular date, are cumulatively shown in a statement called trial balance, basically the purpose of such statement is to tally all the debits and credits, and to confirm the accuracy of all the accounts. As, if there is any difference in debit and credit totals it shows that there is an error in accounting.

Further it is generally prepared at each month end and year end date. Therefore, the answer is trial balance.