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Question Practice

What is one of the primary objectives of preparing a trial balance?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Trial Balance and Rectificatio...
Question Bank

What is one of the primary obj...

Single Answer MCQ
Q-00054116

What is one of the primary objectives of preparing a trial balance?

1

To increase profits

2

To ascertain the arithmetical accuracy of the ledger accounts

3

To calculate tax liabilities

4

To prepare bank statements

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Q1.

What is the primary purpose of preparing a trial balance?

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Q2.

Which of the following should be included in a trial balance?

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Q3.

Which step is NOT part of preparing a trial balance?

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Q4.

What does a trial balance indicate if the debit and credit totals do not equal?

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