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Trial Balance is prepared on :
- a)End of the year
- b)A particular date
- c)For the period ending
- d)Both “a” and “b”
Correct answer is option 'B'. Can you explain this answer?
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Trial Balance is prepared on :a)End of the yearb)A particular datec)Fo...
Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.
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Trial Balance is prepared on :a)End of the yearb)A particular datec)Fo...
Because it is all the dr and cr balances of all the ledgers account and it can be prepared for roughly to a particular time period in an accounting period and then after prepare financial statements
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Trial Balance is prepared on :a)End of the yearb)A particular datec)For the period endingd)Both “a” and “b”Correct answer is option 'B'. Can you explain this answer?
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