balancing a ledger account is a crucial step in maintaining accurate financial records and ensuring that financial statements are reliable and trustworthy.
Explanation:
Answer 2
It serves as a check to ensure that for every transaction, a debit recorded in one ledger account has been matched with a credit in another. If the double entry has been carried out, the total of the debit balances should always equal the total of the credit balances.
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How is marine insurance different from automobile insurance?
Answers
Ability to suspend coverage, “Agreed value” and Navigational limits