Trial balance

The act of totaling Debit balances and Credit balances to confirm that total debits equal total credits.

Related Terms: 6 Balance, Credit balance, Credit, Debit, Debit balance, ITS

Other Related Pages: Category: Accounting Starting With: T

Additional Related Terms: 10-Q, Adjusted balance method, Account balance, Average daily balance, Average daily balance method, Accrual of discount, Amortization of premium, At par, At best, At call