MC28 What is the purpose of preparing a trial balance?
A. To ensure that all transactions have been recorded
B. To calculate the net income of the company
C. To calculate the balance in the cash account
D. To determine the fair value of the company’s assets
Answer:A
MC28 What is the purpose of preparing a trial balance?
A. To ensure that all transactions have been recorded B. To calculate the net income of the company C. To calculate the balance in the cash account D. To determine the fair value of the company’s assets