trial balance

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trial balance

A statement of all the open debit and credit items in a double-entry ledger, made to test their equality.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

trial balance

(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

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

tri′al bal′ance

(in bookkeeping) a statement of open debit and credit items, made before balancing a double-entry ledger.

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Noun

trial 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

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

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will you get down to brass tacks and strike a trial balance? What are you talking of, anyhow?

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Counties are stuck in the antiquated vote book systems, where even rudimentary things such as double-entry bookkeeping or produce and keep trial balances, statement of assets and liabilities and statements on financial performance are not observed.Most counties are on IFMIS, the computer system that manages all government finances.

To stop corruption, address the accounting hitches in counties

Under the SAA, USACE will work with DFAS to load our reconciled and audited trial balances directly into the Defense Department Reporting System (DDRS) to be used during compilation of our USACE DoD stakeholders' financial statements, eliminating the reconciliation issues with the USACE trial balances and DDRS.

The Single Auditor Approach. USACE's Journey Toward Complete Auditability

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.

ASU 2017-12 Update: Does Implementation Timing Matter?

The difference between preliminary and final data (BGN 40.4 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.

Bulgarian National Stats Report 2% 2011 Budget Deficit

But a corporation might have multiple folders, including secure subfolders for highly confidential information for the CFO or controller, where they could gain access to draft trial balances and other documents.

Web portals complement CPAs serving small business

Data collection -- Legal entity trial balances, which are linked to consolidated results, can be imported into the tax solution.

Optimizing the business benefits from technology acquisitions: making intelligent technology purchases requires a vision, a long-term strategy and the knowledge that desired objectives are attainable. Smart companies--moving toward single data repositories across their enterprises--are doing things smarter, faster and better

Trial balances are entered for new client accounts, allowing for year-to-date or past year comparisons.

Write-up designed for accounting firms whose clients need answers

XBRL-GL will allow drilling down from financial statements to trial balances to underlying transactions.

XBRL: The teenage years. (New Technologies)

SF: From my experience, trial balances usually reflect internal business reporting requirements and so they probably cannot supply transactions classified by their nature.

Toward One Universal Accounting Language

For example, most computer systems do not permit unbalanced entries, thus making trial balances obsolete.