If you live in a planned community, you or various of your neighbors may decide to join the board of your homeowners' association (HOA). It's a way to get involved and to have a say in how your community maintains its quality and acts according to the rules.
This preview shows pages 3â7. Sign up to view the full content. Answer Selected Answer: A trial balance ï· Question 12 1 out of 1 points The primary purpose of the trial balance is to Answer Selected Answer: prove the equality of the debit and credit amounts after posting.
Running a trial balance on a regular basis, at least monthly, helps you identify any problems quickly and easily and fix them as soon as they arise. Preparing the trial balance should be tied to the billing cycle of the company. Do not prepare any adjusting entries yet. The trial balance is prepared before you make any adjusting entries.