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Maru [420]
3 years ago
14

What is the purpose of a trial balance?

Business
1 answer:
SpyIntel [72]3 years ago
7 0
Preparing a trail balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers. The trail balance is a working document used by accountants as the basis to prepare financial statements. The purpose is to ensure that for every debit listed there is a corresponding credit recorded, shares Accounting-Simplified. If the totals do not balance, an investigation may be made.
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Solution:


200 births and 10 immigrants will be added to the population. Total is 210.


60 deaths and 30 emigrants will be taken away from the population. Total here is 90.


Just a reminder that an emigrant is somebody who leaves their own country to lastingly settle into a different country.


Therefore, 210 people are added to the population, and 90 people are to be subtracted, for a net gain of 210 - 90 = 120 people.


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<span>120/10,000 = 0.012 = 1.2% annual growth rate</span>

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4 years ago
Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b
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($73.25 - $68.00) /$73.25 =5.25 /$73.25 =0.07167

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