0
-it is used to locate errors
-its is used for checking the arithmatic accuracy of the double entry
What else can I help you with?
What is the purpose of closing entries?
The purpose of closing entries is to transfer the balances of temporary accounts to permanent accounts. These entries are used via the adjusted trial balances.
What are the purpose of check and balances?
In the American government, the purpose of checks and balances, is to make sure no single branch gets too much power. By the system of checks and balances, each branch can limit the other two, and the other two can limit that specific branch.
What is the purpose of the checks and balances function of the constitution?
To balance the power of the three branches
What the purpose of the balances checks?
It safeguards the abuse of power between the branches of government.
What is the purpose of cheaks and balances?
to cheak each branch and see that no one over rules
The basic purpose of the power to tax is?
to maintain the checks and balances of government A+ user if you are your welcome - _- !!
Why did the framers design the system of checks and balances?
The system of checks and balances was created with the purpose of preventing any one branch of government from having too much power.
What was the purpose of the Framers including a system of checks and balances in the constitution?
to prevent autocracy and majority tyranny
Purpose of checks and balances?
so a branch of government is not more powerful than the others they equally share power.
What is the purpose of trial balance?
The purpose of a trial balance is to show balances of each of the accounts that hold balances in the respective company. The trial balance is split into two sections, the income statement (statement of comprehensive income) and the balance sheet (statement of financial performance) The balance sheet holds the accounts that the balances get carried forward each year and the income statement holds only the transactions for the current year. So there are many uses for a trial balance. You are able to perform analytical procedures on your revenue for the year or see what the balance of your liabilities are. The main purpose is to review the balances for the year for each account that holds a balance
What is the Purpose of Post-Closing Trial Balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
Purpose of the post- closing trial balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
