The primary purpose of the trial balance is to __________.

Question

prepare source documents

prepare financial statements

ensure that the individual amounts on the debit and credit sides are correct

ensure that the debit and credit sides are not equal

Answer 1

The primary purpose of the trial balance is to ensure that the individual amounts on the debit and credit sides are correct.

However, it's also worth noting that a trial balance is prepared to check that the total debits equal total credits, which helps confirm the accuracy of the accounting entries before financial statements are prepared.