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Which of the statements best describes the trial balance

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Problem 1: Which one of the following statements best describes the trial balance?

A. The trial balance is a list containing all the clients ledger account balances and must at least be updated monthly.

B. The trial balance is a list containing all the general ledger account balances and is only updated annually before compiling final financial statements.

C. The trial balance is a list containing all the general ledger account balances and must at least be updated monthly.

D. The trial balance is a list containing all the clients ledger account balances and is only updated annually before compiling final financial statements

Reference no: EM132992427

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