If you live in a planned community, you or various of your neighbors may decide to join the board of your homeowners' association (HOA). It's a way to get involved and to have a say in how your community maintains its quality and acts according to the rules.
This preview shows pages 3â7. Sign up to view the full content. Answer Selected Answer: A trial balance ï· Question 12 1 out of 1 points The primary purpose of the trial balance is to Answer Selected Answer: prove the equality of the debit and credit amounts after posting.
After posting all financial transactions to the accounting journals and summarizing them in the general ledger, a trial balance is prepared to verify that the debits equal the credits on the chart of accounts. The trial balance is the next step in the accounting cycle. It is actually the first step in the end of the accounting period process.