What kind of accuracy is tested by Trial balance ........

General Accounting Principles Accounting cycles

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What kind of accuracy is tested by Trial balance-

Theoritical

Practical

Arithmetical

None of these

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Explanation:

A trial balance is a statement showing the balances, or total of debits and credits, of all the accounts in the ledger with a view to verify the arithmetical accuracy of posting into the ledger accounts. Trial balance is an important statement in the accounting process. which shows final position of all accounts and helps in preparing the final statements.