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Trial Balance

MM075y ago
The trial balance includes all of the amounts needed to complete the final accounts. Is it true??
John MoffatJohn MoffatTutor5y ago#1
It depends on when the trial balance is produced. Normally it is produced before dealing with the year end adjustments and so does not contain all the amount needed to complete the final accounts.
MM075y ago#2
Right sir.
John MoffatJohn MoffatTutor5y ago#3
You are welcome :-)
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