Question

is trial balance part of ledger ... true, false or this statement is irrelevant.???​

Answer 1

Answer:

A trial balance is not a statement. A statement refers to a formal record of financial transactions and positions of a business.

Answer 2

A Trial balance is a list of ledger balances is true

Explanation:

• The trial balance is the initial phase in the preparation of financial statements. It is a list of ledger account closing balances on a certain day.
• It's frequently prepared at the end of a financial term to help with financial statement preparation. In the ledger, debit and credit balances are segregated.
• On the credit side of the trial balance, liabilities, capital, and income accounts appear, whereas asset and expense accounts appear on the debit side.
• The total of all debit balances in the trial balance must equal the sum of all credit balances if all accounting entries are correct and all ledger balances are correct.