The Primary Purpose of a Trial Balance Is to Prove

question 72

True/False

The primary purpose of a trial balance is to prove the mathematical equality of the debits and credits after posting.

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Definitions:

Trading Day

A day on which financial markets are open for trading activities.

Rate of Return

The rate of return is the gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Dividends Increase

An action by a company to raise the amount of money paid to shareholders through dividends.

Dividend Growth Rate

The annual percentage increase in a company's dividend payouts.