Which of the following is not true of a trial balance?

A. list taken of the account balance in the general ledger
B. proof of the arithmetical accuracy of the ledger postings
C. summary of data for the preparation of financial statement
D. list of account abstracted from a subsidiary ledger to check their agreement with the related control account
E. list of balances ensuring that the accounts are correct

Correct Answer:

Option D – list of account abstracted from a subsidiary ledger to check their agreement with the related control account