Which of the following is not a characteristic of trial balance?
Answer Details
Trial balance is a statement that shows the total of debit and credit balances of accounts used in double-entry bookkeeping system. It is used to check the accuracy of the bookkeeping by ensuring that the total of debit balances is equal to the total of credit balances.
Therefore, the option that is not a characteristic of trial balance is "it is an account". Trial balance is not an account, but rather a statement that shows the balances of all accounts in the ledger.