Learn what a trial balance is, how it works, and its purpose in ensuring accurate bookkeeping by ensuring debits equal ...

A trial balance is part of the accounting cycle. If the trial balance is equal, then the accountant or bookkeeper can proceed to the next step of the accounting process. But if a problem is ...

The trial balance is a report of every ledger account with a running balance for the time period selected. When transactions post to the ledger properly, your debit balances equal the credit ...

How does the trial balance work? At a high level, the trial balance is the record of every transaction that a business has completed in a given period.