what is prepared on the basis of trial balance
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The trial balance is prepared after posting all financial transactions to the journals and summarizing them on the ledger statements. The trial balance is made to ensure that the debits equal the credits in the chart of accounts. ... Add up the amounts of the debit column and the credit column
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2
Answer:
The trial balance is prepared after posting all financial transactions to the journals and summarizing them on the ledger statements. The trial balance is made to ensure that the debits equal the credits in the chart of accounts. ... Add up the amounts of the debit column and the credit column.
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