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- DictionaryTri·al bal·ance/ˌtrī(ə)l ˈbaləns/
noun
- 1. a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
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- Trial balance
List of all business accounts in a ledger
A trial balance is an internal financial statement that lists the adjusted closing balances of all the general ledger accounts (both revenue and capital) contained in the ledger of a business as at a specific date. This list will contain the name of each nominal ledger account in the order of liquidity and the value of that nominal ledger balance. Each nominal ledger account will hold either a deb... Wikipedia
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