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trial balance

noun, Bookkeeping.
1.
a statement of all the open debit and credit items, made preliminary to balancing a double-entry ledger.
Origin
1830-1840
1830-40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for trial balance
  • The beginning trial balance and outstanding orders are illustrated.
  • The first step is to identify all capital accounts on the working trial balance for the subsidiary.
  • Also, submit the working trial balance of the facility with the cost report.
  • The preclosing trial balance figures should be the basis for each line item.
  • The examiner should obtain an adjusted trial balance.
British Dictionary definitions for trial balance

trial balance

noun
1.
(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 & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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