What Is a Trial Balance?

What Is a Trial Balance?

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

A company prepares a trial balance periodically, usually at the end of every reporting period.

The general purpose of producing a trial balance is to ensure that the entries in a company’s bookkeeping system are mathematically correct.

Sample of Trial balance

For further reading of What are the basic principle of accounting?

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Nadeem Khan
M.Com, MBA
Mail id - ndmk1338@gmail.com

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