When a trial balance is in balance? 1. adjusting entries are not required, 2.the general ledger is free of errors,3. the debit account balances equal the credit account balances, 4. the company has earned a net income.
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When a trial balance is in balance? 1. adjusting entries are not required, 2.the general ledger is free of errors,3. the debit account balances equal the credit account balances, 4. the company has earned a net income.
A trial balance is used to check if your debits equals credits.
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