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 ?
Table 1 on Figure 1, below, shows the FY2017 opening and closing trial balances and the FY2018 opening trial balance for Company Z if it decides not to adopt the new guidance at all.
Tenders are invited for provide township auditor includes assistance in the preparation of the 2018 local municipal budget from information provided to the auditor by the officials of the township, preparation of the 2017 annual (unaudited) financial statement utilizing the post-closing trial balances and analyses prepared by the chief financial officer of the township, see attached files.
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.
This tool for managing large data files can, on a simpler scale and with a few adjustments to standard practice, be used to develop trial balances from journal entries almost instantly.
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.
For example, most computer systems do not permit unbalanced entries, thus making trial balances obsolete.
Trial balances and journal entries for each of the funds and account groups were included at the end of the applicable chapter.
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.