8: A trial Balance is .......
O (A) A statement
O (B) A summary
O (C) An account
O (D) None of these
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Answer:
d is the correct answer
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Answer:
A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.
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