Returns to creditors trial balance
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Explanation:
When all transactions for a particular period are entered in subsidiary records and posted to their respective accounts in the ledger, they are balanced by casting their two sides by striking the difference. Then, a list of these balances is prepared by grouping all debit balances on the left-hand side and credit balances on the right-hand side and both sides are totaled.
It is important to note that transactions for a period may be numerous, vouchers relating to them may heap up into huge files, the entries and postings may run into hundreds of pages, but the essentials (balances) are comprised into a small list of balances and the list of balances is called trial balance
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