LESSON 13: An example of a Trial Balance to show how th Articles

LESSON 13: An example of a Trial Balance to show how thousands of monetary transactions can be condensed into one short, self-checking list

 Let’s recap. We have described at length how all the financial transactions of your business are classified and recorded in your accounting system. We have discussed how each account has its own total, which can be either positive or negative. And we have explained that these account totals can be displayed in a two-column list […]