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trial balance

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
trial balance
n.
A statement of all the open debit and credit items in a double-entry ledger, made to test their equality.

trial balance
n
(Economics, Accounting & Finance / Accounting & Book-keeping) Book-keeping a statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.trial balance - a balance of debits and credits in double-entry bookkeepingtrial balance - a balance of debits and credits in double-entry bookkeeping; drawn up to test their equality
balance - equality between the totals of the credit and debit sides of an account
Translations
trial balance n (Comm) → bilancio di verifica


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Such a task is done by experts at an accounting firm that primarily comprises keeping a thorough check on the generation of invoice, records of payments, trial balance, billing statements, balance sheet, profit as well as loss account, among the various other vital tasks.
Inventory management utility maintain daily transaction of company within financial modules like trial balance, amount payable, amount receivable.
 
 
 
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