Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 17 - No. 45)

What is the main benefit of a trial balance?
It guarantees the accuracy of the accounting records.
It aids in the preparation of financial statements.
It is a substitute for a balance sheet.
It is a comprehensive list of all transactions.

Explanation

Trial balances are used in the preparation of financial statements.

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