Accounting for IGCSE & O level - Accounting Procedures (Section 5 - No. 34)
What action does a company take when a trial balance does not balance?
Prepare the financial statements with the imbalance.
Close the books and begin a new accounting period.
Investigate the causes of the imbalance and correct the errors.
Ignore the imbalance if it is a small amount.
Explanation
It is essential to investigate and correct any imbalances to ensure accurate financial reporting.
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