Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 35 - No. 29)
Which of the following statements describes the purpose of a trial balance?
To summarize all the assets and liabilities.
To verify the accuracy of accounting records.
To determine the net profit or loss.
To prepare the income statement.
Explanation
The main purpose of a trial balance is to verify the accuracy of accounting records.
Comments (0)
