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Is trial balance statement or an account

Posted by D H 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma??️??️ 6 years, 10 months ago

Trial balance is a statement because it is not prepared for a period of time and is just prepared just on the date of closing of the accounts. Hence, it is just a statement showing the balances of the assets and liabilities and incomes of the business on the date of closing of accounts.

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