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Question

A trial balance is an internal financial report, critical to the book-keeping and accounting process. What purpose does a trial balance serve?

A Record all financial transactions of the company

B Record all financial transactions of the company

C Ensure accuracy of accounting records of the company

D Ensure accuracy of accounting records of the company

E Calculate the tax liability of the company for presentation in the income tax return

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Relevant for Exams:

Uiic AO Finance and Investment

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