Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 29 - No. 14)
Why is it important to prepare a trial balance before creating the financial statements?
To ensure that the accounts have been balanced.
To see if the financial records are accurate.
To calculate profit and loss.
To ensure the income and expense accounts are correct.
Explanation
A trial balance is an important step to ensure the records are accurate.
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