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Why trial balance is a statement not an account??? |
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Answer» trial balance is a statement because it is not prepared for a period of time and is prepared just on the date of closing of the accounts. Hence it is just a statement showing the balances of the assets and liabilities, expenses and incomes of the business on the date of closing of accounts. Because statement has no any dr. Or cr. Side in compariason to an a/c. The trial balance is maintained for checking airthmatical accuracy of a/c\'s (you we maintained) The question is hots |
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