Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 46 - No. 12)
What is the purpose of preparing a trial balance?
To check the accuracy of the general journal.
To ensure the debit and credit balances are equal.
To prepare financial statements.
To record the transactions in the general ledger.
Explanation
The trial balance verifies the equality of debits and credits and forms a basis for preparing financial statements.
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