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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Trial Balance
The main purpose of preparing a trial balance is
A) to prepare a summary of all the balance
B) to compare the debit balance with credit balance
C) to locate all types of frauds
D) to check the arithmetic accuracy of the ledger accounts
Sir can you please tell me that how ‘D’ is the answer. If we do many error like error of compensation so arithmetic accuracy fails.
If the trial balance does not balance then one or more of the balances must be wrong (whatever the reason for them being wrong, the balances can not all be correct).
