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Content 6 Balancing off accounts and preparing a trial balance Overview: What is a trial balance? Can a Trial Balance Save Your Business? Trial BalanceDefined with Formula, Examples, Format & Sample Sheet Your trial balance can tell you a lot How to record the trial balance You need to refer back to your general ledger …
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Content What is a Statement of Retained Earnings ? Step 1: Find the prior year’s ending retained earnings balance How Do You Prepare Retained Earnings Statement? You can find it in the previous year’s balance sheet, statement of change in equity, or statement of retained earnings. The opening balance will use for adding with the …
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