Accounts That Make Up a Trial Balance
- J.M.J. Accounting & Tax Services Inc.
Categories: Professional Accountant
A trial balance is a two-faceted accounting data summary that displays two columns -- debits and credits -- both of which show the total amounts. If you delve into a company's trial balance, you see the quintet of financial accounts -- assets, debts, equity, revenues and expenses -- that the business relies on to record economic events.
Original Article Source Credits: Chron , https://smallbusiness.chron.com/
Article Written By: Marquis Codjia
Original Article Posted on: NA
Link to Original Article: https://smallbusiness.chron.com/accounts-make-up-trial-balance-23670.html