Question
Which one of the following statements about Trial
Balance is correct?Solution
A trial balance is a financial statement that lists all the ledger account balances of a business at a specific point in time, usually at the end of an accounting period, such as a month or a year. The purpose of a trial balance is to ensure that the total debits of all accounts equal the total credits of all accounts, which is a fundamental principle of double-entry bookkeeping.
Ambivalent
MARK
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Select the most appropriate synonym of the given word.
Diligent
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