A trial balance is a(n)of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum ofaccount balances.

List; credit.

Explanation:

A trial balance is a list of accounts and their balances at a point in time and is used to confirm that the sum of debit account balances equals the sum of credit account balances. It is used in a double-entry account book to record all debit and credit in order to detect any error, if there is a disagreement between the figures.

In Financial accounting, there are basically three (3) types of trial balance and these are;

1. Adjusted trial balance.

2. Unadjusted trial balance.

3. Post-closing trial balance.

Generally, the trial balance should list accounts in the following order for ease of preparation of the financial statements or statements of account; asset, liability, equity, revenue and expenses.

answer; a large down payment,a longer term loan, would result in a lower monthly payment;