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Situations most conducive to delinquency include:
Trial Balance Preparation
The process of compiling the balances of all ledgers into debit and credit columns to ensure that the total debits equal total credits in financial accounting.
Account Balance
The sum of money available in a financial account at a specific moment.
Trial Balance
A trial balance is a bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to ensure total debits equal total credits.
Debits
Debits are accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.
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