State whether the following statement is True or False. A Trial balance shows only arithmetical accuracy.

A trial balance is a worksheet that shows the balances of all the ledger accounts.

It shows the debit and credit balance, a particular account has.

The objective of the trial balance is to check the arithmetical accuracy of the ledger accounts. It is prepared after the ledger accounts and helps in completing the financial statements.

 Hence, the correct answer is option A: True