Accounting

What is the relationship between the amounts on the adjusted trial balance for an account and its ledger?

Why is it necessary to prepare the formal financial statements if all the data are on the adjusted trial balance?

I am having problems finding the answer to thsee two question in my text book, so can someone help me out here.Thank you.

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asked by kim
  1. You may find answers here:

    http://search.yahoo.com/search?fr=mcafee&p=adjusted+trial+balance+tutorial

    Sra

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