Answer-What is the trial balance used for?

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

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.

Practice Next

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question