TRIAL BALANCE
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
Trial Balance.
Trial Balance - as a noun
A balance of debits and credits in double-entry bookkeeping; drawn up to test their equality
Example Sentences
"A trial balance is a financial statement that summarizes all the balances in the general ledger."
"The trial balance is prepared to ensure that the total debits equal the total credits in the accounting system."
"A trial balance is often used as a tool to detect errors or discrepancies in the recording of transactions."
"The trial balance is typically prepared at the end of an accounting period."
"An accurate trial balance helps ensure the accuracy of financial statements."
