What is a trial balance, and what is its purpose? Does a trial balance being in balance

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What is a trial balance, and what is its purpose? Does a trial balance being ‘‘in balance’’ mean that all transactions have been recorded correctly? Why or why not?

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 06:13 AM

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What is a trial balance, and what is its purpose? Does a trial balance being in balance

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A trial balance is a statement listing the debit and credit account balances fro...View the full answer

Core Concepts of Accounting

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