Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 25 - No. 44)
Which of the following is an advantage of preparing a trial balance?
It automatically detects all errors in the ledger.
It ensures the preparation of the income statement.
It helps to prepare financial statements.
It provides a check on the accuracy of account balances in the ledger to ensure that errors have been made correctly.
Explanation
The trial balance is a step in preparing financial statements and helps in finding and correcting errors.
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