if the trial balance only lets one know if that isequals credits why would...

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Accounting

if the trial balance only lets one know if that isequals credits why would it be beneficial to review this reportespecially if you are using an automated system that requiresdebits and credits are equal before posting a general journalentry?

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Answer Trail balance is prepared using the double entry system which requires every debit has credit Even if the trial balance shows equal debits and credit balance it doesnt provide the accuracy of financial statements There are various types of errors which can be there while preparing the trial balance So even See Answer

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In: Accountingif the trial balance only lets one know if that isequals credits why would it...if the trial balance only lets one know if that isequals credits why would it be beneficial to review this reportespecially if you are using an automated system that requiresdebits and credits are equal before posting a general journalentry?