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What is the purpose of extracting balances from... - SS1 Accounting Steps To Extract Balances From A Ledger Account Question

What is the purpose of extracting balances from a ledger account?

A

To identify the account type

B

To determine the balance of the account at a specific point in time 

C

To review the transactions that have been recorded in the ledger account

 

D

To increase the balance of the account

correct option: b
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