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The Trial Balance is some sort of list of all the actual balances from your ledgers (read section on Ledgers to find out other on ledgers), these actually are the Debit and Credibility balances (read section on to Double Entry to choose out more on Cash and Credit).

The check Sheet is used time for calculate and get a snapshot of your company's seed financial position by listing all the Current and glued Assets, the Current and Long Term Liabilities, the main Shareholdings and Capital along with the Profit or Loss for your year and the Piled up Profit or Loss of one's company.

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