At the end of every accounting period, the bookkeeper for Tina’s Toy S

QUESTION

At the end of every accounting period, the bookkeeper for Tina’s Toy Shack does a check for accuracy. What is this called?

A) ledger report
B) balance sheet check
C) income statement review
D) trial balance run
E) financial statement overview

ANSWER

Answer: D
Explanation: D) At the end of every accounting period, the bookkeeper runs a trial balance, making a summary of all the data in the ledgers to see if the figures are accurate, or balanced.