Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 24 - No. 22)
What is the purpose of a trial balance?
To prove the equality of debits and credits.
To determine the company's profit or loss.
To create the income statement.
To calculate the company's assets and liabilities.
Explanation
A trial balance ensures the debits and credits in the general ledger are equal.
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