Examlex
Which statement is correct?
Main Purpose
The primary aim or objective that an organization or activity is designed to achieve.
Trial Balance
An accounting report listing all the balances in each general ledger account at a point in time, used to verify the accuracy of bookkeeping entries.
Balance
The amount of money present in an account or the difference between the total debits and credits in an account.
Wrong Account
An error where financial transactions are recorded in an incorrect account, potentially affecting the accuracy of financial statements.
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