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Report Preparation GuidePreClosing Trial Balance Year End Report 7 Purpose Report 7, Pre-closing Trial Balance lists the general ledger account balances for nominal and real accounts, including accruals
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What is pre-closing trial balance year?
Pre-closing trial balance year is the year-end financial statement prepared before closing entries are made.
Who is required to file pre-closing trial balance year?
Companies and organizations are required to file pre-closing trial balance year.
How to fill out pre-closing trial balance year?
To fill out pre-closing trial balance year, you need to list all the accounts and their balances, adjust for accruals and deferrals, and prepare financial statements.
What is the purpose of pre-closing trial balance year?
The purpose of pre-closing trial balance year is to ensure accuracy in financial reporting and to prepare for the closing entries.
What information must be reported on pre-closing trial balance year?
On pre-closing trial balance year, all account balances, adjustments, and financial statements must be reported.
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