Asked by Jadyn Quinn on May 27, 2024
Verified
An objective of preparing the trial balance is to test the equality of debits and credits.
Trial Balance
A ledger balance sheet summarizing all accounts, showing equal totals for both credit and debit columns.
- Comprehend the objective and process of preparing a trial balance.
Verified Answer
BG
Brittney GirdlestoneMay 27, 2024
Final Answer :
True
Explanation :
The main objective of preparing a trial balance is to test the mathematical accuracy of the accounting records by ensuring that the total debits equal the total credits. This is achieved by listing all the accounts and their balances in the trial balance.
Learning Objectives
- Comprehend the objective and process of preparing a trial balance.