A trial balance: (a) is a list of accounts with their balances at a given time. (b)
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A trial balance:
(a) is a list of accounts with their balances at a given time.
(b) proves the mathematical accuracy of jour- nalized transactions.
(c) will not balance if a correct journal entry is posted twice.
(d) proves that all transactions have been recorded.
AppendixLO1
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Financial Accounting Tools For Business Decision Making
ISBN: 9780471691952
3rd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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