Explain why a trial balance needs to be prepared. A trial balance is prepared to facilitate the of the statements and to ensure the arithmetic in recording.
Question
Explain why a trial balance needs to be prepared. A trial balance is prepared to facilitate the of the statements and to ensure the arithmetic in recording.
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Solution 1
A trial balance is prepared for several reasons:
- Verification of Accuracy: The trial balance is used to verify the accuracy of all the ledger balances. It ensures that the total of all debits equals the total of all credits, which means that all transactions have been recorded correctly in t Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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