What is trial balance? Trail balance is a book keeping work sheet in which the balance of all ledgers are complied in to debit and credit account column totals that are equal.a company prepares a trail balance periodically usually at the end.

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Trial balance is a bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit columns to ensure they are equal.

Trial balance is prepared periodically, usually at the end of a reporting period.
It helps in detecting errors in the accounting process by ensuring that debits equal credits.
If the trial balance does not balance, it indicates there are errors in the accounting records that need to be corrected.
Example: If the total debits are $10,000 and total credits are $10,000, the trial balance is said to balance.
Example: If the total debits are $10,000 and total credits are $9,500, there is a $500 imbalance that needs to be investigated.

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What is trial balance? Trail balance is a book keeping work sheet in which the balance of all ledgers are complied in to debit and credit account column totals that are equal.a company prepares a trail balance periodically usually at the end.

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