what is trial balance
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What Is a Trial Balance?
What Is a Trial Balance?A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.
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Trial Balence is a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
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