WAEC Accounting 2017 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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11. Which of the following describes a trial balance?
- A. A. It shows all the entries in the books
- B. B. it reveals the financial position of a business
- C. C. It is a list of accounting balances on the booksCorrect
- D. D. It is a special account
Explanation
Trial balance is the list of all ledger accounts of a firm.
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