Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

A trader drew up a trial balance at 31 December. Which statement about this trial balance is correct?

  • AIt shows a summary of the financial position at 31 December.
  • BIt shows the ledger account balances at 31 December.
  • CIt shows the profit for the year ended 31 December.
  • DIt shows the transactions for the year to 31 December.

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