Meaning Of The Word Trial balance

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  3. Section T-333
  4. Trial balance

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Trial balance Meaning

Trial balance Definition
Trial balance Definition

What's The Definition Of Trial balance?

trial balance in Accounting
noun: A trial balance is a statement of all the credits and debits in a double entry accounting system, created in order to test that they are equal.

trial balance in American English
a statement of the debit and credit balances of all open accounts in a double-entry bookkeeping ledger to test their equality
noun: a statement of all the open debit and credit items, made preliminary to balancing a double-entry ledger

trial balance in British English
noun: a statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality

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