What is a trial balance, What is a trial balance? Why is it prepared? How is a trial, Accounting Basics

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What is a trial balance

Consider the following questions:

1. What is a trial balance? Why is it prepared?

2. How is a trial balance used to prepare financial statements?

3. A general journal is often called a book of original entry. Why?

4. What is a general ledger? Why is it prepared?

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Accounting Basics: What is a trial balance

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