Question

Which of the following statements is INCORRECT?

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

Hey! Ask a query