Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 6 - No. 17)
What is the main purpose of a trial balance?
To calculate the company's net income.
To ensure the accounting equation (Assets = Liabilities + Equity) is balanced.
To determine the company's cash flow.
To prepare the statement of retained earnings.
Explanation
The main purpose is to ensure the accounting equation is balanced.
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