Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 49 - No. 16)
What is the purpose of a trial balance?
To find out the cash balance.
To check the accuracy of the ledger entries.
To prepare the income statement.
To calculate the profit and loss of a company.
Explanation
The purpose of the trial balance is to prove the arithmetical accuracy of the ledger entries by ensuring that total debits equal total credits.
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