Accounting for IGCSE & O level - Final Statements (Section 2 - No. 36)
What is the role of the trial balance?
To calculate the cost of goods sold.
To summarize the income and expenses of the business.
To check if the debits and credits in the general ledger are equal.
To show the company's assets, liabilities, and equity.
Explicaţie
The trial balance ensures debits equal credits.