Final answer:
A trial balance is an accounting report that includes all accounts in the general ledger, which includes both income statement and balance sheet accounts, not just a summary of owner's equity. A bank's balance sheet includes elements such as assets, liabilities, and net worth, structured in a format resembling a T-account.
Step-by-step explanation:
The question refers to what is included in a trial balance. A trial balance is an accounting report that includes all accounts in the general ledger and their balances, which is option c). The balances of these accounts will include both income statement accounts such as revenues and expenses and balance sheet accounts such as assets, liabilities, and owner's equity. It is prepared at the end of an accounting period to ensure that debits and credits are balanced, serving as a preliminary step towards creating financial statements like the balance sheet and income statement.
A balance sheet, on the other hand, is a financial statement that lists all the assets, liabilities, and net worth (or owner's equity) of an entity at a specific point in time. In the context of a bank, the balance sheet will show the bank's assets including cash and loans, and liabilities such as deposits, with the net worth representing the bank capital. These elements are often visualized in organized columns like a T-account.