Concept:A trial balance is a summary of ledger balances, not a financial statement or a record of every entry.Explanation:A trial balance is prepared from the balances of all ledger accounts at the end of a period.It lists debit balances and credit balances separately to check their arithmetical accuracy.It does not show the financial position of a business; that is the role of the balance sheet.It also does not show all the individual entries in the books, only the closing balances of accounts.Answer:B. It is a list of balances in the books.