A trial balance is a list of a company's accounts and their balances at a specific point in time. It is a tool that is used to check the arithmetical accuracy of a company's accounting records. A trial balance is typically prepared at the end of an accounting period, such as a month, quarter, or year. It includes all of the accounts in the company's chart of accounts, such as asset accounts, liability accounts, equity accounts, revenue accounts, and expense accounts.
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