Explain the Purpose of a Trial Balance and the Limitation

question 122

Essay

Explain the purpose of a trial balance and the limitation of the trial balance.

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Definitions:

Virtue

Moral excellence or righteousness, characterized by adherence to moral principles like honesty, compassion, and courage.

Ethical Decisions

Choices made based on moral principles and values, considering what is right and wrong, and often involving dilemmas where interests conflict.

Values

Represent the core principles or standards that guide an individual's or group's behavior and decision-making processes.

Overseas Workers

Individuals who are employed in a country other than their country of origin, often contributing to foreign economies and remitting earnings back home.