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 that proper account titles were used.

(c) will not balance if a correct journal entry is posted twice.

(d) proves that all transactions have been recorded.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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