Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 9 - No. 18)
What is the purpose of a trial balance?
To check if the debit and credit sides of the ledger are equal.
To list all the assets and liabilities.
To summarise the balances of all ledger accounts.
To compute the net income or loss for the period.
Explanation
The trial balance checks for equality and summarises account balances.
Comments (0)
