Accounts That Make Up a Trial Balance

By  External Author |   | Posted in " Professional Accountant "


A trial balance is a two-faceted accounting data summary that displays two columns -- debits and credits -- both of which show the total amounts. If you delve into a company's trial balance, you see the quintet of financial accounts -- assets, debts, equity, revenues and expenses -- that the business relies on to record economic events.


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Original Article Source Credits:   Chron , https://smallbusiness.chron.com/

Article Written By:  Marquis Codjia

Original Article Posted on:  NA

Link to Original Article:  https://smallbusiness.chron.com/accounts-make-up-trial-balance-23670.html