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Test developers calculate an item-validity index to:
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to verify that the ledger accounts are correctly balanced.
Ledger Balances
The current totals in ledger accounts, reflecting all transactions up to a given point in time.
Trial Balance
An accounting report that lists the balances of all ledgers accounts to verify that total debits equal total credits.
Ledger
A comprehensive collection of a company’s financial accounts, recording all transactions and financial activities.
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