💼 Pre-MBA Exam Prep

What is the purpose of a trial balance?

A To calculate profit
B To verify that total debits equal total credits in the general ledger
C To prepare tax returns
D To audit the company

✓ Correct Answer: Option B

Trial balance: lists all general ledger account balances to check that debits = credits. Errors like transpositions or omissions may still exist even if it balances.

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