Data from a trial balance is used to prepare the income statement, statement of retained earnings, and the balance sheet.

Name: Data from a trial balance is used to prepare the income statement, statement of retained earnings, and the balance sheet.
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Quizplus · Accepted Answer

The trial balance provides the necessary account balances needed to prepare financial statements, including the income statement, statement of retained earnings, and balance sheet.

Data from a Trial Balance Is Used to Prepare the Income