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The Main Reason an Accountant Would Conduct a Trial Balance

Question 163

Multiple Choice

The main reason an accountant would conduct a trial balance would be to:


A) determine whether account figures in ledgers are correct and balanced.
B) ensure the audit was done correctly.
C) obtain an estimate of the amount of taxes the firm owes.
D) verify the validity of last year's balance sheet before beginning the next accounting cycle.

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