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    Question

    Which of the following statements is INCORRECT?

    A Trial balance helps in locating errors. Correct Answer Incorrect Answer
    B The purpose of preparing a trial balance is to ascertain whether all debits and credit are properly recorded in the ledger. Correct Answer Incorrect Answer
    C Trial balance is a list of the accounts and their balances as a summary of the ledger. Correct Answer Incorrect Answer
    D The tallying of the trial balance is a conclusive proof of the accuracy of the accounts. Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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