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Management Sciences
MEDIUM
ENGLISH
Management Sciences
Which of the following statements is correct about Trial Balance?
A
The Trial Balance is prepared after preparing the Profit and Loss Account
Option A
B
The Trial Balance shows only balances of Assets and Liabilities
Option B
C
The Trial Balance shows only nominal account balances
Option C
The Trial Balance has no statutory importance from the point of view of law
Correct answer
Correct answer: D
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