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Answer Posted / genius
Accounting is based on Double entry system , As per rules of Double entry system “Every Debit has its corresponding Credit.” Hence, Trial Balance is prepared to check the arithmetical accuracy of account.
If Amount of Debit & Credit side of Trial Balance must tally or equal. THEN only we are allow to move the next step i.e. Preparation of Final Account.
If Trial Balance must not tally we have to check our record as well as Account to find out reason of this mistake.
Hence, It is necessary to prepare the Trial Balance.
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