Trial Balance
The trial balance is a list of the active general ledger accounts with debit and credit balances. A balanced trial balance does not guarantee that there are no errors in the nominal ledger entries.
Read more about this topic: Chart Of Accounts
Famous quotes containing the words trial and/or balance:
“Going to trial with a lawyer who considers your whole life-style a Crime in Progress is not a happy prospect.”
—Hunter S. Thompson (b. 1939)
“In a famous Middletown study of Muncie, Indiana, in 1924, mothers were asked to rank the qualities they most desire in their children. At the top of the list were conformity and strict obedience. More than fifty years later, when the Middletown survey was replicated, mothers placed autonomy and independence first. The healthiest parenting probably promotes a balance of these qualities in children.”
—Richard Louv (20th century)