ACC 280 Week 2 - DQ#3 The Trial Balance
Or get it used now for:
When is the trial balance prepared?
What is the purpose of preparing a trial balance? What does the trial balance tell you? What does the trial balance not tell you? Why not use the trial balance to report financial information internally and externally? What limitations does it have over formal financial statements?
A trial balance is a list of accounts with the balances for that time frame. It is created at the end of reporting periods like ... So as long as the debits and credits are equal then the trial balance will show ... So as long as the debits and credits are equal then the trial balance will show ...