What is a trial balance used for?

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Solution

Trial balance is used to prepare to ensure that entries in a bookkeeping system are arithmetically correct.

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MCQs on Trial Balance

Difference Between Trial Balance and Balance Sheet

How to Prepare Trial Balance

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Q. Answer in only one sentence :

What is a Trial Balance?

State true or false:

1) A Trial balance is an account.
2) A Trial balance is helpful for preparation of final accounts.
3) A Trial balance is most important document.
4) A Trial balance may be prepared on any date.
5) In Trial balance opening stock is recorded in credit balance column.
6) Both sides total of an account are taken in Gross Trial Balance.
7) Purchase account always shows debit balance.
8) A Trial balance is a List of Ledger balances.
9) A Trial balance does not ensure accounting accuracy.
10) A Trial balance shows only arithmetical accuracy.

Describe the series of SQL statements to produce trial balance data base design for Model-II is used.

Q. What is a Trial Balance?

Q. What is UNCOMMON in trial balance?

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