Post Utme Christopher University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the following accounts: Cash, Accounts Payable, Accounts Receivable, Sales, Cost of Goods Sold, and Common Stock. What is the purpose of the Trial Balance?

Answer Options

Correct Answer A. To verify the equality of debits and credits
B. To prepare the financial statements
C. To record the transactions
D. To reconcile the bank statement
Correct Answer
A
Correct Option:
To verify the equality of debits and credits

About This Question

This is Post Utme Christopher University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Christopher University Accounting examination.

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