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.
BREAKING DOWN 'General Ledger'. Using a general ledger is part of a system used by accountants to create the firmâs financial statements. Transactions are posted to the general ledger accounts, and the accountant generates a trial balance, a report listing all the accounts and each accountâs balance. The trial balance is adjusted by posting additional entries, and the adjusted trial balance is used to generate the financial statements.