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Facts that You Should Know about the Trial Balance. Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time. Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice.CONTENT
This web page accountingarchives.blogspot.com states the following, "Facts that You Should Know about the Trial Balance." We saw that the webpage said " Is a listing of all the assets, liabilities, capital, revenue and expenses account balances at one point in time." It also said " Purpose of the Trial Balance. 1 It indicates if the ledger is in balance by showing whether the total accounts with debit balances equals the total accounts with credit balances. 2 It aids in allocating errors. 3 It assists in the preparation of financial statement. 1 No entry was made for a given transactions. 2 An entry was posted twice."SEEK SIMILAR DOMAINS
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