Trial Balance is commonly prepared
A. Frequently during the year
B. At the end of an accounting period
C. At the end of a month
D. At the end of a year
Answer: Option B
Solution (By Examveda Team)
Trial Balance is commonly prepared at the end of an accounting period. It is usually prepared at the end of an accounting period to assist in the drafting of financial statements.This Question Belongs to Commerce >> Accounting
A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.
no fix time for preparing trail balance