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:
“The trial by market everything must come to.”
—Robert Frost (1874–1963)
“Success goes thus invariably with a certain plus or positive power: an ounce of power must balance an ounce of weight.”
—Ralph Waldo Emerson (1803–1882)