A statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
- Drill down from the trial balance or any account to view source documents, double entries and allocations in every ledger.
- It facilitated the accuracy of the account books by periodically balancing the books and extracting a trial balance, and it also permitted profit determination.
- In the great bulk of cases a trial balance was patently impossible, as most of the impersonal accounts are not ruled off, and the work abounds in arithmetical slips and other blemishes.
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