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4 January, 08:10

A report that lists accounts and their balances, in which the total debit balances should equal the total credit balances, is called a (n) :

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  1. 4 January, 09:49
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    The correct answer is: Trial balance.

    Explanation:

    A Trial Balance is a worksheet listing all of an entity's ledger accounts debit and credit balances. According to accounting theory, the sum of all debits should equal all credits. Because the trial balance is a list of all accounts, it serves as a verification of accuracy.
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