Trial Balance Introduction - Accounts and Finance for Managers

Introduction of Trial Balance

The next most important stage is to prepare the statement (summary) of accounting balances and their names for the specified accounting period to the tune of principle of grouping transactions, known as Trial Balance.
Trial Balance is a list of accounting balances and their names; of the enterprise during the specified period which includes debit and credit balances of the various balanced ledger accounts out of the journal entries.


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