Sentences with TRIAL-BALANCE
Check out our example sentences below to help you understand the context.Sentences
1
"The trial balance is a statement that lists all the accounts and their balances."
2
"A trial balance is typically prepared at the end of an accounting period."
3
"The trial balance helps ensure that debits and credits are equal."
4
"The trial balance is a useful tool for identifying errors in the general ledger."
5
"Before preparing financial statements, accountants often review the trial balance."
6
"The trial balance contains both the debit and credit balances of accounts."
7
"In a trial balance, assets and expenses are usually presented as debit balances."
8
"Liabilities and revenues are typically shown as credit balances in a trial balance."
9
"The trial balance is an internal report used by businesses for checking records."
10
"An accurate trial balance is essential for producing reliable financial statements."
11
"A trial balance is prepared by listing all the accounts and their balances."
12
"Accountants use a trial balance to ensure the accounting equation is in balance."
13
"In double-entry bookkeeping, the trial balance plays a crucial role."
14
"Comparing the trial balance with previous periods can reveal trends or inconsistencies."
15
"A trial balance is often the first step in the financial statement preparation process."
16
"A well-prepared trial balance simplifies the process of creating financial reports."
17
"The trial balance may need adjustments to correct errors or record additional transactions."
18
"Accounting software can generate a trial balance with the click of a button."
19
"When the trial balance is in balance, it indicates that the books are accurately recorded."
20
"The trial balance provides a snapshot of a company's financial position at a specific point in time."
1
"A trial balance is a financial statement that summarizes all the balances in the general ledger."
2
"The trial balance is prepared to ensure that the total debits equal the total credits in the accounting system."
3
"A trial balance is often used as a tool to detect errors or discrepancies in the recording of transactions."
4
"The trial balance is typically prepared at the end of an accounting period."
5
"An accurate trial balance helps ensure the accuracy of financial statements."
6
"A trial balance is an important step in the accounting cycle."
7
"The trial balance lists all the accounts and their respective balances."
8
"A trial balance is not a financial statement that is reported to external parties."
9
"A well-prepared trial balance can expedite the process of preparing financial statements."
10
"The trial balance ensures that the double-entry bookkeeping system is functioning properly."
