Accounting · Trial Balance
The main purpose of preparing a trial balance is to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Show the exact net profit for the year
- 2Prepare the cash budget for the next financial year
- 3Verify the arithmetical accuracy of the double-entry system✓
- 4Detect all types of frauds and errors
Correct answer
Verify the arithmetical accuracy of the double-entry system
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