An informal accounting statement that lists the ledger account balances at a point of time and compa...........

Accountancy (Phase -I & II) Company Final Accounts

An informal accounting statement that lists the ledger account balances at a point of time and compares the total of debit balances with the total of credit balances is known as

Income statement

Balance sheet

Trial balance

Cash Book

bank reconciliation statement

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Explanation:

An informal accounting statement that lists the ledger account balances at a point of time and compares the total of debit balances with the total of credit balances is known as Trial balance. A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal.