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.Related Questions on Accounting
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A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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A. Current assets
B. Fixed assets
C. Intangible assets
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A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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