Why is it important for the trial balance to be... - SS1 Accounting Trial Balance: Formation Layout Question
Why is it important for the trial balance to be balanced?
It is important for the trial balance to be balanced because it ensures that the accounting records are accurate. If the trial balance is unbalanced, there must be an error somewhere in the records that need to be corrected. By identifying and correcting the error, accountants can ensure that the financial statements accurately reflect the company's financial position.
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