Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 14 - No. 13)
Why are ledgers balanced off?
To compare total debits with total credits
To identify the balance of the account
To analyze how the balance arose
All of the above
Explanation
The balancing off process helps to find the account balance, compare the debits and credits, and to analyze how the balance was created
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