The trial balance is a financial statement that reports the assets,liabilities,and equity of a business at a point in time.

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The trial balance is an internal accounting report that lists the balances in all the ledger accounts at a point in time.It shows whether debit balance accounts equal the credit balance accounts.A balance sheet is a financial statement that reports the assets,liabilities,and equity of a business at a point in time.

The Trial Balance Is a Financial Statement That Reports the Assets,liabilities,and