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WAEC Financial Accounting 1993 Question 12

Question 12

Trial Balance

A Trial Balance is a proof of accuracy of

  1. A.transactions
  2. B.final accounts
  3. C.double entry in the ledgers
  4. D.trading account
  5. E.balance sheet.
Show the answer and explanation

Answer: C (double entry in the ledgers)

Explanation

It checks that every debit in the ledger has a matching credit.