trial balance

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Definitions from WordNet

Noun trial balance has 1 sense

trial balance - a balance of debits and credits in double-entry bookkeeping; drawn up to test their equality
--₁ is a kind of balance

Definitions from the Web

Trial Balance

A trial balance is a financial statement that lists the balances of all the accounts in an organization's general ledger. It is used to ensure that the debits and credits in the general ledger are equal, making it a crucial step in the accounting process.

Sample sentences:

Before preparing financial statements, accountants must first create a trial balance.
The trial balance revealed an error in the accounts payable account.
After reviewing the trial balance, the accountant identified discrepancies that needed further investigation.