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Which of the following is known as the base for preparing trial balance?

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Which of the following is known as the base for preparing trial balance?

A).  Journal

B).  Cash account

C).  Ledger account

D).  Balance Sheet


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Answered by on | Votes 0 |

 Ledger account



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.

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