Final answer:
A trial balance is a document that lists all accounts and their balances at a particular date, ensuring that debits equal credits. It includes balance sheet and income statement accounts, and aids in verifying the accounting equation. A bank's balance sheet shows assets, liabilities, and net worth, similar to other businesses.
Step-by-step explanation:
A trial balance can best be explained as d-All accounts and their balances at a particular date. A trial balance includes both balance sheet accounts and income statement accounts. It's used to ensure that debits equal credits after all transactions are recorded, which reflects the accounting equation of Assets = Liabilities + Equity.
A bank's balance sheet, similar to any other business, lists its assets and liabilities. Assets, such as cash and loans, represent items of value owned by the bank that can be used to create more wealth. Liabilities, like deposits from customers, are what the bank owes to others. The difference between a bank's total assets and total liabilities is known as its net worth or bank capital, which is part of the equity section on the balance sheet. T-accounts are used to visualize the relationship, with assets on the left and liabilities plus equity (net worth) on the right.