O-LevelAccountingVerification of accounting records7707/11 · May/June 2020 · Q101 Mark

Why is a trial balance prepared?

Ato analyse the financial information

Bto assist preparation of financial statements

Cto control the costs of the business

Dto evaluate the performance of the business

✓ Correct answer

B: to assist preparation of financial statements

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 1, question 10.

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