Trial Balance
A trial balance is a report that lists all general ledger account balances at a specific date, separated into debits and credits. Its purpose is to verify that total debits equal total credits, ensuring the books are arithmetically accurate before preparing financial statements.
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Trade Discount
A trade discount is a price reduction offered by sellers to buyers, usually wholesalers or repeat customers, for bulk purchases…
Trust Account
A trust account is a special bank account where funds are held by one party for the benefit of another.…
Transfer Pricing
Transfer pricing is the method used to determine prices for goods, services, or intellectual property exchanged between related entities within…
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