Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 42 - No. 32)
A trial balance is best described as:
A list of all business transactions.
A summary of all account balances at a specific point in time.
A comprehensive record of all cash inflows and outflows.
A tool to calculate a company's net profit.
Explanation
A trial balance summarizes the account balances.
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