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Which of the following is not true about a trial balance? A trial balance shows that the accounting equation is in balance. A trial balance

Which of the following isnottrue about a trial balance?

  • A trial balance shows that the accounting equation is in balance.
  • A trial balance and a balance sheet are essentially the same document.
  • A trial balance is used to summarize all of the account balances.
  • A trial balance is strictly an internal document.

Correct answer isA trial balance and a balance sheet are essentially the same document

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