The trial balance is generally used only inside the business and is not published with the other financial statements.

Name: The trial balance is generally used only inside the business and is not published with the other financial statements.
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Question

Quizplus · Accepted Answer

The trial balance is an internal document used by the business to ensure that the total debits equal the total credits before preparing other financial statements. It is not typically published for external users.

The Trial Balance Is Generally Used Only Inside the Business