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The Main Reason an Accountant Would Conduct a Trial Balance

Question 102

Multiple Choice

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


A) Determine whether account figures in the ledger are correct and balanced.
B) Obtain an estimate of the amount of taxes the firm owes.
C) Ensure the audit was done correctly.
D) Verify the validity of last year's balance sheet before beginning the next accounting cycle.

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