The trial balance summarizes the balances of assets, liabilities, and equity.

Name: The trial balance summarizes the balances of assets, liabilities, and equity.
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The trial balance is a statement that summarizes the balances of all accounts in the general ledger, including assets, liabilities, equity, revenues, and expenses. It is used to verify that the total debits equal the total credits in the accounting system.

The Trial Balance Summarizes the Balances of Assets, Liabilities, and Equity