Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 40 - No. 30)
Why is it necessary to prepare a trial balance regularly (e.g., monthly)?
To ensure that all financial transactions are recorded correctly.
To check the accuracy of ledger balances and prepare financial statements.
To track the movement of cash.
To comply with tax regulations.
Explanation
Preparing a trial balance regularly helps detect errors early and ensures accurate financial reporting.
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