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name two advantages of worksheet over adjusted trial balance

name two advantages of worksheet over adjusted trial balance

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Answer #1

The major advantages of worksheet over the adjusted trial balance will be as follows:

  • An easier way to minimize possible errors in preparing a trial balance to the maximum possible extent.
  • Effect of each and every entry can be seen on different reports and financial statements
  • It is easier to correct mistake and track errors which are harder to track under normal trial balance.
  • It also arranges all the data in a systematic form which is required for preparing final accounts.
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