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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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