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
Mentioned in ?
References in classic literature ?
will you get down to brass tacks and strike a trial balance? What are you talking of, anyhow?
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.
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.
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.
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.
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.
Trial balances are entered for new client accounts, allowing for year-to-date or past year comparisons.
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.