Trial Balance

What is the Trial Balance?

Learn how to read a trial balance with these resources.

The Trial Balance is a list of all the ledger accounts and their balances.

These can be either debit or credit.

The double entry system ensures that debits and credits are equal for each journal. So if they are entered correctly the total of debits equals the total of credits for ledger accounts in the trial balance.

This infographic shows the steps in the accounting process.

what is a trial balance

Now learn more from the free business resources and low cost accounting tutorials.