A statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made
a listing of all accounts, with their balances entered as debits or credits in columns, to determine whether the accounts balance, that is whether, total debits equal total credits A trail balance is typically prepared at the end of an accounting period just before preparing the adjusting entries and the financial statements
A trial balance is prepared at the end of an accounting period by adding up all the account balances in your general ledger The debit balances should equal the credit balances
A trial balance is a listing of the accounts in your general ledger and their balances as of a specified date A trial balance is usually prepared at the end of an accounting period and is used to see if additional adjustments are required to any of the balances Since the basic accounting system relies on double-entry bookkeeping, a trial balance will have the same total debit amount as it has total credit amounts
A summary of the balances contained in the general ledger to verify that the general ledger is in balance The balances used to prepare the trial balance must be as of the same date Because some balances in the general ledger are positive (+) while others are negative (-), the total of the trial balance should be zero
The testing of a ledger to discover whether the debits and credits balance, by finding whether the sum of the personal credits increased by the difference between the debit and credit sums in the merchandise and other impersonal accounts equals the sum of personal debits
A list of the balances of the accounts in a ledger kept by double entry with the debit and credit balances shown in separate columns If the totals of the debit and credit columns are equal or their net balance agrees with a controlling account, the ledger from which the figures are taken is said to be "in balance "
In accounting, a workpaper used to list all the debit and credit balances in the general ledger and to determine that the total debits equal the total credits (the result of double-entry accounting)
A list of the balances of the accounts in a ledger kept by double entry with the debit and credit balances shown in separate columns If the total of the debit and credit columns are equal or if their net balance agrees with a controlling account, the ledgers from which the figures are taken are said to be "in balance "
is a listing of the accounts in your general ledger and their balances as of a specified date A trial balance is usually prepared at the end of an accounting period and is used to see if additional adjustments are required to any of the balances Since the basic accounting system relies on double-entry bookkeeping, a trial balance will have the same total debit amount as it has total credit amounts