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.
AppendixLO1
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Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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