Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 13 - No. 41)
What is a trial balance?
A list of all assets and liabilities.
A list of all revenue and expenses.
A summary of the balances of all general ledger accounts.
A list of all transactions in chronological order.
Explanation
A trial balance is a summary of the balances of all general ledger accounts.
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