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in a typical accounting cycle, how many times is a trial balance prepared? Once at the end of the period Twice - the trial balance
in a typical accounting cycle, how many times is a trial balance prepared?
Once at the end of the period | ||
Twice - the trial balance and the adjusted trial balance | ||
Four times - trial balance, adjusted trial banance and adjusted trial balance II, and post-closing trial balance | ||
Five times - trial, adjusted trial I and adjusted trial II, pre-closing trial and post-closing trial balance |
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