• Trial Balance
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  • What is a trial balance?
    A listing of ledger balances on a particular date.
  • Why is trial balance prepared? Give one reason.
    either: To check for arithmetic accuracy and completeness of double entries or To facilitate the preparation of financial statements.
  • Which of the following appear in the debit column of the Trial Balance? Advertising, Cash in hand, Drawings, Fixtures and fittings, Trade receivables
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