Explanation:

- A Trial Balance is a financial statement that lists the balances of all the ledger accounts of a company on a particular date. This includes both debit and credit balances.

- Option 1: It is a book containing different accounts of an entity - This describes a ledger, not a trial balance.

- Option 2: It is a statement containing balances of debtors of an entity - This would be more like an accounts receivable summary.

- Option 3: It is a statement containing balances of debtors and creditors of an entity - This doesn't fully capture a trial balance's purpose but describes part of a balance sheet.

- Option 4: It is a statement containing the various ledger balances of an entity on a particular date. - This correctly describes a trial balance. Correct Answer