Answered

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What is the purpose of preparing a trial balance?

A. To check the accuracy of the ledger
B. To determine the net income of a business
C. To show the financial position of a business
D. To determine if a business is profitable

Sagot :

GinnyAnswer

Final answer:

The purpose of preparing a trial balance is to check the accuracy of the ledger and show the financial position of a business.


Explanation:

The purpose of preparing a trial balance in accounting is to check the accuracy of the ledger by ensuring that debits and credits are balanced. It does not determine net income or profitability directly, but it helps in presenting the financial position of a business by listing all accounts with their respective balances.


Learn more about Purpose of preparing a trial balance in accounting here:

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