Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 32 - No. 19)
What is the purpose of preparing a trial balance?
To determine if revenues are equal to expenses.
To verify the equality of debits and credits.
To calculate the company's net income.
To identify the company's assets and liabilities.
Explanation
It is used to make sure that the debit side of the equation equals the credit side.
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