trial balance

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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 ?
Provide trial balances of accounts and reveles on request.
4 M) is due to receiving final data on: revenues from taxes; annual reports on the activity of the state hospitals and public corporations, classified in General Government Sector and final data from the trial balances of the budget spending units and municipalities.
The xTuple Financial Reporting Engine synchronizes trial balances across these databases, while child databases maintain company-specific trial balance data and the parent database receives copies of the data from each child.
Trial balances are entered for new client accounts, allowing for year-to-date or past year comparisons.
Many companies put their combined income tax expense on their detailed trial balances and separate company income statements.
XBRL-GL will allow drilling down from financial statements to trial balances to underlying transactions.
SF: From my experience, trial balances usually reflect internal business reporting requirements and so they probably cannot supply transactions classified by their nature.
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.
Other services include, day-to-day record keeping, VAT returns and trial balances.
When interns work for smaller practitioners, says Siena's Van Patten, "typically they'll be involved in all sorts of things, from sales tax and payroll returns to trial balances to financial reports.
On a monthly basis, he downloads the month-end balances for each of his firm's nine companies, prepares summary financial statements and trial balances, and generally uses the files for data query on his PC during the ensuing months.