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Question

Trial balance is prepared _________.

A
before balancing the account
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B
after balancing the account
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C
before ledger posting
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D
every month
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Solution

The correct option is B after balancing the account
Trial balance is prepared after taking the balances of each ledger account. It gives an arithmetical accuracy of books of account if both the sides i.e. debit and credit are agrees.
Basic condition of preparing the trial balance is to have all the ledger accounts balanced. Hence, Trial balance is prepared after balancing the accounts.

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