Accounting for IGCSE & O level - Accounting Procedures (Section 27 - No. 18)
The purpose of a trial balance is primarily to:
Detect all accounting errors.
Ensure the accuracy of the general ledger.
Verify the equality of debits and credits.
Prepare the financial statements.
Explanation
The primary function of the trial balance is to ensure that the total debits equal the total credits, confirming the balance of the accounting equation.
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