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Trial Balance
A statement that lists all the balances of the general ledger accounts of a business at a particular time to check the correctness of double-entry bookkeeping.
Ledger Balance
The total balance of all accounts in a ledger at a particular point in time, reflecting the current financial position.
Trial Balance
An accounting table that consolidates all ledger balances into equivalent columns for debit and credit accounts.
T Accounts
T accounts are a visual representation used in accounting to depict ledgers, showing debits on the left and credits on the right.
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