Accountancy, asked by chitramurali031, 1 month ago

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Is it possible to find out the profit earned by the business by preparing trial balance what
can be done to know the profit?​

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Answered by rachel132913
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Answer:

A trial balance is a worksheet with two columns, one for debits and one for credits, that ensures a company's bookkeeping is mathematically correct. ... Debits and credits of a trial balance being equal ensure there are no mathematical errors, but there could still be mistakes or errors in the accounting systems.

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