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    joab3761's Avatar
    joab3761 Posts: 1, Reputation: 1
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    #1

    Feb 1, 2007, 06:20 PM
    Financial accounting
    What is the difference between a classified balance sheet and a adjusted trial balance?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Feb 1, 2007, 08:21 PM
    That is like asking what is the difference between a car and a boat.

    They are both completely different tools.

    A balance sheet outlines a company's position at a moment in time, their assets, liabilities, equity.

    A trial balance just makes sure all of your accounts balances. That is, your debits = credits.
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