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Q. |
Which of the following is not a feature of Trial Balance |
A. | It is a list of debit and credit balances which are extracted from various ledger accounts; |
B. | It does not prove arithmetical accuracy which can be determined by audit; |
C. | It is not an account. It is only a statement of account; |
D. | All the transactions are primarily recorded in this book, hence it is the primary book of entry. |
Answer» D. All the transactions are primarily recorded in this book, hence it is the primary book of entry. |
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