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CONVERSION GUIDE Trial Balance Data from Prosy stem FX Engagement to Trial Balance CS Introduction....................................................................................................................................................
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Trial balance data is a summary of all account balances in a company's general ledger at a given point in time.
All businesses that follow accrual accounting principles are required to file trial balance data.
To fill out trial balance data, you need to list all the accounts and their corresponding balances from the general ledger.
The purpose of trial balance data is to ensure that all debits and credits in the accounting system are in balance.
Trial balance data should include the account names and their respective balances.
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