What is a trial Balance? Explain the causes for disagreement of a Trial Balance.

A trial balance is a financial statement that summarizes the balances of all ledger accounts of a business at a specific point in time. It serves as an internal tool for accountants to ensure that the total debits equal the total credits, maintaining the fundamental accounting equation that underpins double-entry bookkeeping. The trial balance is typically prepared at the end of an accounting period and helps in the preparation of financial statements, such as the income statement and balance sheet. 

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