MB-310 Implement Financial Management Practice Question
Which report should you run to verify that the General Ledger balances match the sub-ledger balances?
⚠ Common exam trap
Candidates often select trial balance or financial statements, confusing general ledger reporting with specialized reconciliation tools built for subledgers.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Subledger reconciliation report.
The 'Subledger reconciliation' report is designed to compare the balances in sub-ledgers (such as Accounts Payable or Accounts Receivable) against the corresponding General Ledger accounts. This reconciliation is a fundamental period-end task that identifies discrepancies caused by postings, manual adjustments, or data integrity issues, ensuring that the financial data remains consistent and reliable for statutory reporting and external audits, which is critical for financial health.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Trial balance report.
Why it's wrong here
A trial balance report provides a summary of all accounts in the General Ledger. While it shows the total balance, it does not detail the sub-ledger transactions, making it insufficient for identifying the specific causes of mismatches between the sub-ledger and the General Ledger accounts.
- ✓
Subledger reconciliation report.
Why this is correct
The subledger reconciliation report specifically contrasts the sub-ledger control accounts in the General Ledger against the detailed transactions in the sub-modules. It is the standard tool used by accountants to identify and explain variances between the two areas, ensuring the accuracy of the financial books.
- ✗
Financial statement report.
Why it's wrong here
Financial statements are for external reporting (Balance Sheet, P&L). They do not show the transactional detail required for reconciliation. Using them for reconciliation would be impractical, as they aggregate data and hide the individual journal entries that might be causing a balance mismatch between modules.
- ✗
Journal report.
Why it's wrong here
A journal report shows the contents of a specific journal. It is not an aggregated reconciliation tool that compares sub-ledger postings to General Ledger balances. It is used for auditing specific entries but does not provide the bird's-eye view of account balancing required for effective reconciliation.
About these practice questions
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Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed September 2026 · checked against the official Microsoft exam blueprint
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