> > >

Financial Reporting MCQs

What is the purpose of a trial balance?

To act as a worksheet, making sure all debits equal all credits, as well as aid in the discovery of issues

To be shown to the public along with all other financial statements

To determine if cash reserves are adequate

To demonstrate to management the profitability of the company

Answer

Correct Answer: To act as a worksheet, making sure all debits equal all credits, as well as aid in the discovery of issues

Explanation:

Note: This Question is unanswered, help us to find answer for this one

Financial Reporting Skill Assessment

Your Skill Level: Poor

Retake Quizzes to improve it