TRIAL BALANCE, WHAT IS IT?
• A trial balance is a list of balances that have been extracted from
the accounts in the ledger. It includes all the general ledger
accounts (including both revenue and capital). The trial balance
usually created at the end of a financial period. The debit and
credit sides of trial balance must be equal to indicate that
maintenance of the ledger accounts under the double entry syste
is accurate.
• A trial balance is a list of balances that have been extracted from
the accounts in the ledger. It includes all the general ledger
accounts (including both revenue and capital). The trial balance
usually created at the end of a financial period. The debit and
credit sides of trial balance must be equal to indicate that
maintenance of the ledger accounts under the double entry syste
is accurate.
