trial balance

(redirected from trial balances)
Also found in: Thesaurus, Financial.

trial balance

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

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

tri′al bal′ance

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

ThesaurusAntonymsRelated WordsSynonymsLegend:

Switch to new thesaurus

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

Mentioned in ?

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.

ASU 2017-12 Update: Does Implementation Timing Matter?

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.

Request For Proposals/qualifications - 2018 Township Auditor

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

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

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.

Pivot tables: a means to quick, accurate trial balances

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

Many companies put their combined income tax expense on their detailed trial balances and separate company income statements.

TEI comments on proposed Schedule M-3 of Form 1120: June 7, 2004

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.

Bridge Accounting: Procedures, Systems and Controls. (Book Reviews)

Trial balances and journal entries for each of the funds and account groups were included at the end of the applicable chapter.

GAAFR 2001--A Conversion Tool for GASB 34

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.