What is Trial Balance ? Explain the various forms in which it is prepared
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A trial balance is an internal report that will remain in the accounting department. It is a listing of all of the accounts in the general ledger and their balances. However, the debit balances are entered in one column and the credit balances are entered in another column.
List your total debits and credits from each general ledger account. You should have a table with four columns. The columns should be the account number, account name, debit, and credit. For each open ledger account, total your debits and credits for the accounting period for which you are running the trial balance.
List your total debits and credits from each general ledger account. You should have a table with four columns. The columns should be the account number, account name, debit, and credit. For each open ledger account, total your debits and credits for the accounting period for which you are running the trial balance.
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