A trial balance is a list of all accounts with their balances
A trial balance is the same as a balance sheet
A trial balance provides a check on the equality of debits and credits
A trial balance may be taken at any time that posting is up to date
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A heading
Totals for debits and credits
Subtotals for assets, liabilities, and stockholders’ equity
Accounts listed in order: assets first, followed by liabilities, and then stockholders’ equity
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Journal
Ledger
Chart of accounts
Trial balance
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Reporting
Posting
Journalizing
Transposing
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