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Which of the following is known as the base for preparing trial balance?

A. Journal

B. Cash account

C. Ledger account

D. Balance Sheet

Answer: Option C

Solution(By Examveda Team)

Ledger account is known as the base for preparing trial balance. The trial balance can then be prepared by listing each closing balance from the general ledger accounts as either a debit or a credit balance.

This Question Belongs to Commerce >> Accounting

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