_______ is the most widely used method in practice.

Total Method

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Balance Method

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Totals-cum-balances Method

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None of the above

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Solution

The correct option is B Balance Method
Under balances method trial balance is prepared by showing the balances of all ledger accounts and then totalling up the debit and credit columns of the trial balance to assure their correctness. Balances Method is the most widely used method in practice.

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