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trial balance

Syllabification: tri·al bal·ance

Definition of trial balance in English:

noun

A statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
Example sentences
  • 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.

Definition of trial balance in:

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