O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2014 · Q111 Mark

What is the purpose of preparing a trial balance?

Ato calculate the profit for the year

Bto check the arithmetical accuracy of the double entry

Cto locate any errors made in the ledgers

Dto provide a summary of the assets and liabilities

✓ Correct answer

B: to check the arithmetical accuracy of the double entry

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 11.

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