Difference between revisions of "Trial balance"
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| − | [[Trial balance]] (hereinafter, the ''Balance'') is a list of the [[ending balance]]s of all the accounts in a [[ledger]]. The total of the [[debit]]s should equal the total of the [[credit]]s. Alternatively, | + | [[Trial balance]] (hereinafter, the ''Balance'') is a list of the [[ending balance]]s of all the accounts in a [[ledger]]. The total of the [[debit]]s should equal the total of the [[credit]]s. Alternatively, the ''Balance'' can be defined as an informal listing of the [[ledger account]]s and their balances in the [[ledger]] to aid in providing the equality of [[debit]]s and [[credit]]s. |
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
| − | ==Related | + | ==Related lectures== |
*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Latest revision as of 19:35, 4 January 2019
Trial balance (hereinafter, the Balance) is a list of the ending balances of all the accounts in a ledger. The total of the debits should equal the total of the credits. Alternatively, the Balance can be defined as an informal listing of the ledger accounts and their balances in the ledger to aid in providing the equality of debits and credits.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Trial balance. A list of the ending balances of all the accounts in a ledger. The total of the debits should equal the total of the credits. Alternatively, trial balance can be defined as an informal listing of the ledger accounts and their balances in the ledger to aid in providing the equality of debits and credits.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
