The Purpose of the Trial Balance Is To

question 132

Multiple Choice

The purpose of the trial balance is to:

• A)summarize all account balances.
• B)determine that account balances are correct.
• C)verify that total debits equal total credits.
• D)all of the above.
• E)A and C both pertain to the purpose of the trial balance.

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Definitions:

Raw Materials

Basic materials and substances used in the initial stages of production and manufacturing processes.