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kingkid2
Jan 21, 2009, 01:38 AM
:confused:How to a trial balance sheets and where do operating expense go on the balance sheet

ROLCAM
Jan 22, 2009, 01:59 AM
Trial Balance is a summary of all the
Ledger accounts at a specific date.
All the debits must equal all the credits,
This is by definition.

Operating expenses do not feature on the balance sheet.
Operating expenses feature on the profit and loss statement.