Which of the following describes a trial balance?

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

B. It is a list of balances in the books

Explanation

A trial balance is a bookkeeping or accounting report that lists the balances in each of an organization’s general ledger accounts.