Why might the financial information in a trial balance not be up to date and complete?
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Why might the financial information in a trial balance not be up to date and complete?
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There are two possible reasons for the financial information in a trial balance not being up to date ...View the full answer
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9780470377857
3rd Edition
Authors: Paul D. Kimmel
Question Posted:
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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