Accounting · Trial Balance
What is the primary objective of preparing a Trial Balance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To ascertain the net profit or loss of the business for the period.
- 2To test the arithmetic accuracy of the ledger accounts.✓
- 3To determine the financial position of the business.
- 4To record all business transactions systematically.
Correct answer
To test the arithmetic accuracy of the ledger accounts.
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