Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 31 - No. 20)
What is the primary purpose of preparing a trial balance?
To identify and correct errors in the ledger accounts.
To determine the profit or loss for a specific period.
To create a balance sheet and income statement.
To check the arithmetical accuracy of the ledger accounts.
Explanation
The primary function of a trial balance is to verify that the total debits equal the total credits.
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