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Question
Answer the following question in one sentence.
What is Trial Balance?
One Line Answer
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Solution 1
According to William Pickles, "The statement prepared with the help of ledger balances, at the end of financial year to find out whether the debit total agrees with the credit total is called Trial Balance."
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Solution 2
Trial balance is a statement showing the list debit and credit balances of all the ledger accounts on a particular date.
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