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Q.

Assertion: A trial balance is a final statement of accounts.
Reasoning: A trial balance is prepared to test the accuracy of the accounting records.

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a

The assertion is true, but the reasoning is false.

b

Both assertion and reasoning are true, and the reasoning is the correct explanation of the
assertion.

c

The assertion is false, but the reasoning is true.

d

Both assertion and reasoning are true, but the reasoning is not the correct explanation of the
assertion.

answer is C.

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Detailed Solution

A trial balance is not a final statement of accounts, but rather a list of all the balances in the ledger accounts. The reasoning is incorrect because a trial balance is prepared to check the accuracy of the accounting records, not to provide a final statement of accounts.

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Assertion: A trial balance is a final statement of accounts.Reasoning: A trial balance is prepared to test the accuracy of the accounting records.