Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 36 - No. 16)
What is the purpose of the 'trial balance'?
To check the mathematical accuracy of the ledger.
To record all transactions.
To prepare the financial statements.
To create the journal entries.
Explanation
The trial balance ensures the mathematical accuracy of the ledger by verifying that the debit and credit balances are equal.
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