_______ is the common base for preparing a trial balance

A. Ledger accounts

B. General Journal

C. Specialized journals

D. Balance sheet

Answer: Option A

Solution(By Examveda Team)

Ledger accounts is the common base for preparing a trial balance. This process is known as 'balancing off' the general ledger accounts. The trial balance can then be prepared by listing each closing balance from the general ledger accounts as either a debit or a credit balance.