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Trial Balance. The accounts reflected on a trial balance are related to all major accounting. Remember how your general ledger is like a filing cabinet.
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Trial Balance is a technique for checking the accuracy of the debit and credit amounts recorded in the various ledger accounts. Trial Balance is the report of accounting in which ending balances of different general ledger of the company are available. Trial balance is a worksheet in bookkeeping that contains ledger balance compiled in sections of debit and credit.
A trial balance is a report that lists the balances of all general ledger accounts of a company at a certain point in time.
It is usually prepared at the end of an accounting period to assist in the drafting of financial statements. Your trial balance is an accounting report that contains your general ledger account balances in debit and credit columns. This worksheet is used for creating the balance sheet. Preparing ledger accounts to determine the closing balance of each account.
