Post Utme Caleb University 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice

Question 8 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses a double-entry system to record its transactions. What is the purpose of the trial balance?

Answer Options

A. To prepare the financial statements

Correct Answer B. To identify and correct errors in the accounting records

C. To determine the company's net income

D. To calculate the company's tax liability

Correct Answer

Correct Option:

To identify and correct errors in the accounting records

About This Question

This is Post Utme Caleb University 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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