The preparation of a trial balance is for locating ___________.

Manipulation

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Frauds

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Clerical errors

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All of the above

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Solution

The correct option is C Clerical errors
Option C is correct.
The basic objective of preparation of trial balance is to have an arithmetical accuracy check of the transactions recorded.
If the trial balance does not agrees, there are chances of clerical error. By preparing the trial balance, clerical error may be located.

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Similar questions

Which of the following is not a benefit for preparation of Trial balance?

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