If Connolly's accounts are prepared using the double-entry system, which information would be available?

If Connolly's accounts are prepared using the double-entry system, which information would be available?

• A. Trial balance
• B. Cash receipts journal
• C. Debtors ledger only
• D. Production schedules

Answer: (A)

In double-entry bookkeeping, every transaction affects at least two accounts with equal debit and credit entries across the ledgers. This setup lets you pull together a trial balance, which lists the balances of all ledger accounts at a specific date and checks that total debits equal total credits. Because of this structure, the most directly available and useful information from Connolly’s double-entry records is the trial balance, since it consolidates all account balances and serves as the basis for financial statements. A cash receipts journal is just one type of subsidiary record for cash inflows, not the overall balance of all accounts. A debtors ledger only shows customer balances as a subsidiary ledger, not the complete picture from the general ledger. Production schedules relate to manufacturing planning, not the accounting balances produced by double-entry.

In double-entry bookkeeping, every transaction affects at least two accounts with equal debit and credit entries across the ledgers. This setup lets you pull together a trial balance, which lists the balances of all ledger accounts at a specific date and checks that total debits equal total credits. Because of this structure, the most directly available and useful information from Connolly’s double-entry records is the trial balance, since it consolidates all account balances and serves as the basis for financial statements. A cash receipts journal is just one type of subsidiary record for cash inflows, not the overall balance of all accounts. A debtors ledger only shows customer balances as a subsidiary ledger, not the complete picture from the general ledger. Production schedules relate to manufacturing planning, not the accounting balances produced by double-entry.