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Answer Posted / amit agrawal
Trial balance contains balances of all accounts that may
either be of capital nature or revenue nature and may
either having credit or debit balance. By which we can make
our financial statements by taking balances from trial
balance.
And as every transaction affects two accounts in double
entry system i.e. one is debit and other one is credit so
it reveals any arithmatical mistake in posting and
recording etc.
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