trial balance


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Related to trial balance: balance sheet

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
(Accounting & Book-keeping) accounting a statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality

tri′al bal′ance


n.
(in bookkeeping) a statement of open debit and credit items, made before balancing a double-entry ledger.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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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References in periodicals archive ?
This article focuses on building a balance sheet from a trial balance exported from an accounting system such as QuickBooks, but the underlying strategy can be implemented in a number of situations.
Figure 1 is an extract from a trial balance and Figure 2 shows the applicable report.
The improvement plan states: "To ensure that an accurate set of draft accounts is produced, the Corporate Finance Team should ensure that it produces both a detailed and summary trial balance report from the Voyager system at key stages throughout the year.
TPRFINSTP0100DCPA02) takes you from the trial balance to the financial statements with comprehensive and practical guidance on GAAP and OCBOA measurement and disclosure rules ($190).
entries to the general ledger or trial balance would impair * Maintains or prepares the audited independence.
Finally, the automated application facilitated the Federal Agencies' Centralized Trial-Balance System Adjusted Trial Balance (FACTS-MB) submission by enabling us to reconcile the FACTS trial balances to the financial statements prior to submitting the statements to the customer.
Certified public accountants regularly examine our financial records for accuracy in reporting and audit trial balance.
After the accounting students became familiar with the AIS, each one was individually responsible for updating the chart of accounts, entering his/her transactions, generating financial statements, entering closing entries, and generating a post-closing trial balance.
Once the portfolio arrives at First National, all files and other documentation described in the transfer procedures are immediately inventoried against the trial balance produced from the buyer's servicing system.
We had one person who developed an Excel template that pooled the data from our trial balance and populated a report with all kinds of neat key indicators, benchmarks, and graphs.