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:
“For he is not a mortal, as I am, that I might answer him, that we should come to trial together. There is no umpire between us, who might lay his hand on us both.”
—Bible: Hebrew, Job 9:32-33.
Job, about God.
“Both the man of science and the man of art live always at the edge of mystery, surrounded by it. Both, as a measure of their creation, have always had to do with the harmonization of what is new with what is familiar, with the balance between novelty and synthesis, with the struggle to make partial order in total chaos.... This cannot be an easy life.”
—J. Robert Oppenheimer (1904–1967)