TRIAL BALANCE is a listing of the accounts in your general ledger and their balances as of a specified date. A trial balance is usually prepared at the end of an accounting period and is used to see if additional adjustments are required to any of the balances. Since the basic accounting system relies on double-entry bookkeeping, a trial balance will have the same total debit amount as it has total credit amounts.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). trial balance. Retrieved September 24, 2026, from http://smartdefine.org/trial_balance/definitions/1165604 |
| Chicago | Barry Goldsmith. 2010. "trial balance" http://smartdefine.org/trial_balance/definitions/1165604 (accessed September 24, 2026). |
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