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P1 C10 Trial Balance — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C10 Trial Balance1 Mark
Question
Explain any two characteristics of trial balance.
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Answer

Characteristics of trial balance:
$(1)$ The trial balance is a statement, not an account.
$(2 )$ The trial balance is prepared on a definite date at the end of a definite accounting period.

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