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Question Practice

What is the primary objective of balancing an account?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

What is the primary objective ...

Single Answer MCQ
Q-00054043

What is the primary objective of balancing an account?

1

To ascertain net position of accounts

2

To close all accounts

3

To calculate total assets

4

To list all transactions

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