On 8/5/16 10:31 PM, Vikas Rawal wrote:
My auditor, who does not use ledger, wants me to give him trial balances. How
can I create trial balance from ledger?
Going by https://en.wikipedia.org/wiki/Trial_balance , I think this is a
report showing that all credits and debits to all accounts (assets,
liabilities, revenues, expenses.. and equity ? guess so) add up to 0.
"ledger balance" should show a 0 grand total. Is that a trial balance
report ? I always feel it's not quite the same since we don't separate
credits and debits as strictly.
I'd like to figure it out once and for all. Do we lose information by
using signed posting amounts, compared to traditional debit and credit
practice ? Or are they literally just different notations ?
And, there's this: "ledger balance --dc".
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