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Question
______ is prepared to know the financial position where as ______ purpose is to establish the arithmetical accuracy of the books of account.
Options
Trading account, profit and loss account
Profit and loss account, trading account
Profit and loss account, balance sheet
Balance sheet, trial balance
MCQ
Fill in the Blanks
Solution
Balance sheet is prepared to know the financial position where as trial balance purpose is to establish the arithmetical accuracy of the books of account.
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Differences Between Trial Balance and Balance Sheet
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