Trial balance : This is a list of all ledgers and their debit or credit balances for the period. It is prepared to determine the arithmetical accuracy of transactions entered; it facilitates the preparation of financial statements. Whether debit or credit results indicated change for each of the given accounts.

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Chapter 2, Problem 20E

To determine

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Trial balance: This is a list of all ledgers and their debit or credit balances for the period. It is prepared to determine the arithmetical accuracy of transactions entered; it facilitates the preparation of financial statements.

Whether debit or credit results indicated change for each of the given accounts.

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