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What Is the Post-Closing Trial Balance and Why Is It

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What is the post-closing Trial Balance and why is it prepared?


Definitions:

Statistical Inference

The process of using data analysis to deduce properties of an underlying distribution of probability.

Extrapolation

The process of estimating unknown values by extending or projecting from known data.

Probability Sampling

A sampling method that hives every individual in the population an equal chance of being selected for the sample.

Concepts

Fundamental ideas or theories that form the basis of knowledge in a particular discipline or are used to guide actions and decisions.

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