WORKING TRIAL BALANCE Definition

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WORKING TRIAL BALANCE is similar to the trial balance. Additionally, it contains columns for adjusting entries and the adjusted balance. This report is typically used at year-end to assist in making adjusting entries.

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PICPA is Pennsylvania Institute of Certified Public Accountants or Philippine Institute of Certified Public Accountants.

POST is the transfer of accounting entries from a journal of original entry into a ledger book, in chronological order according to when they were generated.

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