Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 43 - No. 32)
What is the primary purpose of a trial balance?
To identify errors in the general ledger.
To provide a summary of all account balances.
To prepare the income statement and balance sheet.
To make sure the total debits equal total credits.
Explanation
The trial balance ensures debits equal credits, verifying the mathematical accuracy of the ledger.
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