Multiple Choice
A trial balance is prepared to:
A) act as a link between the journal and the ledger.
B) determine profit or loss.
C) verify the equality of debit and credit postings in the ledger.
D) act as an index to the ledger.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: A list of ledger accounts and their
Q3: The term used in the Framework for
Q4: A regular withdrawal of cash by the
Q5: On 15 May Osaka paid $715 cash
Q6: Which of these errors would be detected
Q8: The accounting entry when income is earned
Q9: The system of accounting where each transaction
Q10: Financial reports prepared between the regular year-end
Q11: A party to whom the entity owes
Q12: Select the entry which correctly records the