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What is the primary purpose of the trial balance?

Practice Questions

1 question
Q1
What is the primary purpose of the trial balance?
  1. To prepare financial statements
  2. To ensure debits equal credits
  3. To calculate net income
  4. To record transactions

Questions & Step-by-step Solutions

1 item
Q
Q: What is the primary purpose of the trial balance?
Solution: The trial balance is prepared to ensure that total debits equal total credits, indicating that the books are in balance.
Steps: 0

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