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Trial Balance: Definition, How It Works, Purpose, and Requirements
A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into equal debit and credit account column totals.
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Which of the following is true regarding the trial balance?Select all that apply. a) The trial balance includes all of the accounts needed tocreate the balance sheet and the income statement.b) The trial balance is much less detailed than the balancesheet and income statement.c) The accounting principle of materiality says that theinformation on the trial balance can be combined and simplifiedinto more general reporting items.d) The accounting principle of money measurement says that theinformat
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