
In this episode of Debit, Credit, Done!, we move from accounting principles into practical application by tackling the Trial Balance — your checkpoint before preparing financial statements.
We cover:
What the trial balance is and why it’s used
How to structure it using DEAD CLIC
Errors it can and can’t detect
The role of the suspense account
This is essential knowledge for the AAT Level 3 Financial Accounting: Preparing Financial Statements unit and a crucial stepping stone to producing final accounts.
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