Question

Explain Trial Balance

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Answer 1

a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.


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Answer 2

Answer:

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.