A trail balance is a complete list of all the accounts of revenue and capitals that are listed in the general ledger. This list contains the headings or the name of general ledger accounts and the corresponding values of these accounts. There are two
Trial balance is the list of all General Ledger accounts. Trial balance consists of all Expenses, Revenue and Capital account. Trial balances have accounts balances which are mentioned with debit and credit columns.
Preparing Trial Balance / Accuracy of Ledger: Learning Objectives: Define and explain trial balance. What are the advantages of preparing a trial balance? What are the different methods of preparing trial balance? Definition and Explanation: Having posted all the transactions into the ledger, it