Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 18 - No. 14)
What does a trial balance help to ensure?
That revenues are greater than expenses.
The accuracy of the accounting equation.
That all assets are properly valued.
That all transactions are profitable.
Explanation
The trial balance helps to ensure that the accounting equation (Assets = Liabilities + Equity) is balanced.
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