Some Important-to-Know Facts about Trial Balance Accounting
Trial balance is a statement prepared by stating the totals of debit and credit balances from ledger accounts.Feel free to contact us for more details visit http://www.tbworkssoftware.com
Trial balance is a statement prepared by stating the totals of debit and credit balances from ledger accounts.Feel free to contact us for more details visit http://www.tbworkssoftware.com
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Objectives<br />
Arithmetical Accuracy<br />
As stated trial balance statement is used the record the amounts of debit and<br />
credit sides and ensure they are equal on both their corresponding columns.<br />
If the amounts are matched, then it is assumed that the recordings in<br />
financial transactions are accurate. On the other hand, if there is any<br />
discrepancy found then it can be deduced that the amounts entered in the<br />
books are incorrect.
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