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.
The trial balance is based on data from all the company's open general ledger accounts (nominal ledger accounts). The trial is simply a comparison of two sums: total debits and total credits. When double entry principles are applied correctly, total debits from all accounts must equal total credits.