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    Question

    What is the trial balance used

    for?
    A It is a financial statement Correct Answer Incorrect Answer
    B It records balances of a balance sheet Correct Answer Incorrect Answer
    C It doesn’t contribute to the accounting cycle Correct Answer Incorrect Answer
    D It records balances of accounts Correct Answer Incorrect Answer

    Solution

    The trial balance is used to check the accuracy of the financial records of a business by verifying that the total debits equal the total credits.

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