Talk:Trial balance

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Need to expand this article[edit]

I have redone the introduction, but now more information on Trial Balance needs to be written. Go for it! - NilssonDenver (talk) 22:16, 23 October 2009 (UTC)[reply]

My god please fix the multiple spelling and grammar errors. I caught most of them. —Preceding unsigned comment added by 128.118.113.159 (talk) 00:12, 5 November 2009 (UTC)[reply]

What is trial balance.[edit]

Trial balance is no other than a statement that shows only the balance of account. By this, authority of business can see the balance of account at a glace. Secondly, a accountant of business can give a trail whether the book keeper keeps the account correctly. This is not a compulsory part of accounting. It just helps the accountant to verify the errors of double entries. Besides it helps to make financial statement in the ease way.

Remember it trail balance can only pick up the mistakes of double entries bookkeeping.

Tabrez Hashmy, Delhi basically from Bihar now at Sharjah — Preceding unsigned comment added by Sabbirahmed (talk • contribs) 14:24, 16 March 2011 (UTC)[reply]

What is TRIAL balance[edit]

A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the same balance. 49.126.100.119 (talk) 15:15, 14 March 2022 (UTC)[reply]