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Meaning of trial balance

Source language: EnglishDictionary language: English

trial balance

noun

Definitions

  1. A statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made.

Sources:https://en.wiktionary.org/wiki/trial%20balance

Related words

balancedebit balancebank balancecredit balanceaccount statementadjustment accountbasic balancerest