When is the trial balance prepared what is the purpose of, Accounting Basics

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When is the trial balance prepared what is the purpose of

When is the trial balance prepared? What is the purpose of preparing a trial balance? What does the trial balance tell you? What does the trial balance not tell you? Why not use the Trial Balance to report financial information internally and externally? What limitations does it have over formal financial statements?

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Accounting Basics: When is the trial balance prepared what is the purpose of

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