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Trial Balance
Last Updated On: 09-Jan-2022Posted On: 07-Nov-2021
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What Is a Trial Balance?
[color=#000000]A trial balance is a bookkeeping worksheet in which the balance of all [url=https://www.investopedia.com/terms/g/generalledger.asp]ledgers[/url] are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.[/color]