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Trial balance
Meaning
Noun
●
In Accounting:
A
statement
of the
balances
of all
nominal
accounts
in a
double-entry
ledger
, made to test their
equality
. The total value of the
debits
should
equal
the total of the
credits
any
difference
indicates
that an
error
has been made.
Sourced from
Wiktionary
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