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Which accounts are not considered while preparing trial balance |
| Answer» Trial Balance :The trial balance is a report of every ledger account with a running balance for the time period selected. When transactions post to the ledger properly, your debit balances equal the credit balances, producing a net of zero. Use the trial balance report to ensure that your ledger is accurate or to identify necessary adjusting entries to correct account balances.Accounts Omitted : The\xa0trial balance is not impacted by any account that has a zero balance. Accounts without a running balance are left out of the trial balance report to save space and confusion. When an account is adjusted to a zero balance after the adjusting entries are completed, remove it from the adjusted trial balance report. | |