Trial Balance

A listing of account balances from the ledger, the amounts in the debit column should equal the total of the amounts in the credit column, 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

A listing of account balances from the ledger where total debits should equal total credits. Prepared at period end to check whether adjustments may be needed.

- Used in day-to-day bookkeeping and journal entries to record transactions correctly.
- Used when preparing trial balances and reconciling accounts.

- Example: Accountants use **Trial Balance** when recording transactions and preparing the trial balance.

- Why it matters: Ensures accurate records, supports reliable reporting, and reduces posting and reconciliation errors.