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When is a trail balance usually preparedA when the business is l

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When is a trail balance usually prepared?
A. when the business is liquidated
B. At the end of each day
C. after each entry is jounalized
d. At the end of each accounting period
Solution
The trial balance is usually prepared at the end of each
accounting period to determine the profit or loss for a
particular period and to know the company financial
position at the end of particular period.
Hence, answer is D, At the end of each accounting period.

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When is a trail balance usually prepared? A. when the business is liquidated B. At the end of each day C. after each entry is jounalized d. At the end of each accounting period Solution The trial balance is usually prepared at the end of each accounting period to determine the profit or loss for a ...
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