What is a trial balance and what is its purpose? Why doesn't a trial balance guarantee that
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A trial balance is a listing of all the accounts in the general ledger with their balances The ...View the full answer
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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