JAMB - Accounts Principles Of Accounts (2025 - No. 36)
Which of the following is not true of a trial balance?
list taken of the account balance in the general ledger
proof of the arithmetical accuracy of the ledger postings
list of account abstracted from a subsidiary ledger to check their agreement with the related control account
summary of data for the preparation of financial statement
Explanation
A trial balance is an internal report used within the accounting department. It lists all debit and credit balances from the ledger for a period to check that total debits equal total credits.
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