Trial balance

noun

Word Frequency: 1.0

Definitions

1.nounA statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made.

Synonyms

balance debit balance bank balance credit balance account statement adjustment account basic balance rest trade balance accounting equation balance of trade balance sheet equation

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