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What is Trial Balance?
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Answer Posted / shoukatali
The Trial Balance is available as a simple end-of-year
statement showing the balances of all the Accounts and
Classes. Trial balance will show Net balances of all
accounts irrespective of nature of account such as Assets,
Liabilities, Income and Expenses. Once the Credit and Debit
balances of a Trial Balance will tally then onle we can
proceed for Profit & Loss A/c and Balance Sheet
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