Accounting / July 19, 2018 / Pearl Bailey
You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you, especially in a large company that manages hundreds of different transactions a day.
As with all financial reports, trial balances are always prepared with a heading. Typically, the heading consists of three lines containing the company name, name of the trial balance, and date of the reporting period.
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