The main reason an accountant would conduct a trial balance would be to:
A) determine whether account figures in ledgers are correct and balanced.
B) obtain an estimate of the amount of taxes the firm owes.
C) ensure the audit was done correctly.
D) verify the validity of last year's balance sheet before beginning the next accounting cycle.
Correct Answer:
Verified
Q229: Today's computerized accounting programs are:
A)very helpful for
Q230: This morning Evelyn will be transferring information
Q231: The purpose of a trial balance is
Q232: The value of things you own minus
Q233: Once a trial balance has been prepared,the
Q235: If the total assets of a business
Q236: All of the following are steps included
Q237: The sixth step in the accounting cycle
Q238: If total liabilities were subtracted from total
Q239: The use of computers in accounting has:
A)made
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents