easy · Financial Accounting accounting-cycle-financial-statements
What is the primary purpose of a Trial Balance?
- To ensure that every transaction was recorded using the correct dollar amount.
- To verify that the total of all debit balances equals the total of all credit balances
- To list out the current fair market value of all of the company's various recorded assets.
- To report the total amount of net income earned by the business over the entire fiscal year period.
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