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Which accounting principle requires that a trial balance be prepared?

Practice Questions

1 question
Q1
Which accounting principle requires that a trial balance be prepared?
  1. Accrual basis
  2. Going concern
  3. Consistency
  4. Double-entry accounting

Questions & Step-by-step Solutions

1 item
Q
Q: Which accounting principle requires that a trial balance be prepared?
Solution: The double-entry accounting principle requires that a trial balance be prepared to ensure that all transactions are recorded accurately.
Steps: 0

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