Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 21 - No. 15)
What is the primary reason for balancing off accounts?
To calculate the company's net profit or loss.
To detect errors in the accounting records.
To provide a summary of account balances at the end of the accounting period.
To prepare the trial balance.
Explanation
Balancing off is a means of providing a summary of account balances.
Comments (0)
