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WAEC Financial Accounting 2000 Question 42

Question 42

Trial Balance

A list of all credit and debit balances from the ledger accounts is

  1. A.Trial Balance
  2. B.Profit and Loss Statement
  3. C.Statement of Affairs
  4. D.Balance Sheet.
Show the answer and explanation

Answer: A (Trial Balance)

Explanation

That list is the trial balance.