A trial balance is prepared to
...A trial balance is prepared to
Detect fraud
Ascertain losses in a trading period
Determine opening capital
Test arithmetical accuracy of ledger entries
Correct answer is D
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
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