Trial Balance is a statement of all debit and credit balances and it is prepared on the basis of the ledger accounts. The closing balances of the ledger accounts are posted in the Trial Balance. The need of preparing a trial balance

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Chapter 2, Problem 8DQ

To determine

Concept Introduction:

Trial Balance is a statement of all debit and credit balances and it is prepared on the basis of the ledger accounts. The closing balances of the ledger accounts are posted in the Trial Balance.

The need of preparing a trial balance

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