Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 49 - No. 5)
Which of the following is a main purpose of a trial balance?
To make sure all transactions are in the correct account.
To prepare the balance sheet.
To calculate the profit and loss of the company.
To verify the mathematical equality of debits and credits.
Explanation
The trial balance is to verify that debits and credits are equal.
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