ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

  • google app store apple app store
  • тЬЦ

      Question

      A "Trial Balance" is prepared to

      check:
      A The financial position of the business. Correct Answer Incorrect Answer
      B The profitability of the business. Correct Answer Incorrect Answer
      C The arithmetical accuracy of the ledger. Correct Answer Incorrect Answer
      D The market value of assets. Correct Answer Incorrect Answer
      E The honesty of the accountant. Correct Answer Incorrect Answer

      Solution

      While it doesn't prove total accuracy (as errors of principle may exist), a tallying trial balance indicates that debits equal credits arithmetically.

      Practice Next
      More Forming base to Accounts Questions
      ask-question