trial balance
trial balance · trial balances
A statement of the balances of all nominal accounts in a double-entry ledger, made to…A statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made.
Meaning
1 sensesA statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made.
a balance of debits and credits in double-entry bookkeeping; drawn up to test their equality
Forms
plural: trial balances| Singular | trial balance |
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| Plural | trial balances |
regular