Account

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns. When you records the debit/credit entries in the double entry system, there would have a corresponding credit/debit entries, therefore, the trial balance debit side must equal the credit sides A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company's bookkeeping system are mathematically correct.