Examlex
Which of the following is a preventive control?
Trial Balance
A trial balance is a bookkeeping report showing the balances of all ledgers accounts to ensure that debits equal credits.
Double-Entry System
An accounting technique that records each transaction as both a debit and a credit in different accounts, ensuring the accounting equation remains balanced.
Transaction
Any event or activity that affects the financial position of a company and can be measured reliably in monetary terms.
Accounts
Records that summarize all the transactions related to a specific financial aspect, such as assets, liabilities, equity, expenses, and income.
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