Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 27 - No. 7)
What is the role of a trial balance?
To prepare the income statement.
To prepare the statement of financial position.
To ensure the debit and credit sides of the ledger are balanced.
To calculate profit or loss.
Explanation
A trial balance is used to check the arithmetical accuracy of the accounting system.
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