The trial balance is one of the three basic financial statements.

Name: The trial balance is one of the three basic financial statements.
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The trial balance is not considered one of the three basic financial statements. The three basic financial statements are the balance sheet, income statement, and cash flow statement. The trial balance is an internal accounting document used to ensure that the debits and credits in the general ledger are equal before financial statements are prepared.

The Trial Balance Is One of the Three Basic Financial