A trial balance should be extracted from the ledger accounts prior to preparing the final...

CIMA BA3 Question Answer

A trial balance should be extracted from the ledger accounts prior to preparing the final accounts because:

It confirms the arithmetical accuracy of the entries made in the ledger accounts

It proves that the entries made in the ledger accounts are all correct

It provides a summary of assets and liabilities

It shows where errors have been made

BA3 PDF/Engine

Get 75% Discount on All Products, Use Coupon: "ac75sure"