Question

The combined method of preparing a trial balance provides both totals and balances, which makes it suitable for final accounts preparation.

Options

• True

• False

Answer 1

True

Explanation:

The combined method of preparing a trial balance includes both the totals and balances of each ledger account.

• This method helps in verifying arithmetical accuracy (like the total method)
• And also provides the balances required for final account preparation (like the balance method).