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What is Trial balance in accounting?

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What is Trial balance in accounting?
posted Oct 30, 2017 by Divya Shree

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2 Answers

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A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.

answer Nov 2, 2017 by Anita Yadav
+1 vote

A trial adjust is a rundown of all the general record accounts (both income and capital) contained in the record of a business. This rundown will contain the name of every ostensible record account and the estimation of that ostensible record adjust. Every ostensible record will hold either a charge adjust or a credit adjust.

answer Nov 8, 2017 by Velan Bookkeeping
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