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As a business owner, it’s important to differentiate the meaning of a trial balance and balance sheet so you can use them for the right purpose. Both the trial balance and balance sheet are essential types of financial reports that help verify accounting accuracy and support business decision-making. A trial balance definition is a summary report that lists all the balances of the general ledger accounts at a specific point in time, ensuring that total debits equal total cred

TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...

Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.