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Investments glossary

Trial Balance


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Quotes of the day:

Stay beautiful stay off drugs -Johnny Wowk AKA Johnny The Walker

— Johnny Wowk

A trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company’s bookkeeping system are mathematically correct.


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