What is difference between ledger and trial balance?
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Asked By: Zachary Balistreri
Date created: Thu, Aug 5, 2021 8:47 PM
Date updated: Thu, Dec 8, 2022 8:34 PM
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Top best answers to the question «What is difference between ledger and trial balance»
The general ledger contains the detailed transactions comprising all accounts, while the trial balance only contains the ending balance in each of those accounts… They use the general ledger for a different purpose, which is to trace balances back to individual transactions.