Advertisement
Advertisement
trial balance
noun
- a statement of all the open debit and credit items, made preliminary to balancing a double-entry ledger.
trial balance
noun
- accounting a statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality
Discover More
Word History and Origins
Origin of trial balance1
Discover More
Example Sentences
Understanding of debit and credit, posting, and trial balance, is the maximum practical need of the younger workers.
Such a list is called a trial balance, an example of which is given below.
Taking the trial balance shown above, the following represent the trading account, profit and loss account, Balance sheet.
A glance at the trial balance reveals scarcely a trace of expense, the small undistributed balances only remaining.
The trial balance shows but one item of general expense—the distribution account.
Advertisement
Word of the Day
[fur-kin ]
Meaning and examplesStart each day with the Word of the Day in your inbox!
By clicking "Sign Up", you are accepting Dictionary.com Terms & Conditions and Privacy Policies.
Advertisement
Advertisement
Advertisement
Browse