Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 3 - The Accounting Information System - Review and Practice - Questions - Page 127: 6


It is not necessary to take be taken periodically. However, it is recommended since we are able to test out the accuracy of our entries and are able to obtain a list of ledger accounts and usable balances.

Work Step by Step

It is not a mandatory to take a trial balance, but it may be desirable to do so. By recording credits and debits a trial balance confirms or troubleshoots the integrity of the ledger accounts. Secondly, an accountant can utilize the resultant ledger accounts and balances during the preparation of financial statements.
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