After transactions for the period have been recorded, a trial balance is prepared to verify the equality of total debits and total credits.

Name: After transactions for the period have been recorded, a trial balance is prepared to verify the equality of total debits and total credits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A trial balance is indeed prepared to ensure that the total debit amount is equal to the total credit amount, which indicates that the accounting equation is in balance.

After Transactions for the Period Have Been Recorded, a Trial