Since it is an important financial statement, the trial balance must be prepared according to specified accounting procedures.

Name: Since it is an important financial statement, the trial balance must be prepared according to specified accounting procedures.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The trial balance is not considered a formal financial statement; it is an internal report used by accountants to ensure debits and credits match after posting transactions.

Since It Is an Important Financial Statement, the Trial Balance