TRIAL BALANCE
\tɹˈa͡ɪə͡l bˈaləns], \tɹˈaɪəl bˈaləns], \t_ɹ_ˈaɪ_əl b_ˈa_l_ə_n_s]\
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By Princeton University
By DataStellar Co., Ltd
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The testing of a ledger to discover whether the debits and credits balance, by finding whether the sum of the personal credits increased by the difference between the debit and credit sums in the merchandise and other impersonal accounts equals the sum of personal debits. The equality would not show that the items were all correctly posted.
By Oddity Software
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The testing of a ledger to discover whether the debits and credits balance, by finding whether the sum of the personal credits increased by the difference between the debit and credit sums in the merchandise and other impersonal accounts equals the sum of personal debits. The equality would not show that the items were all correctly posted.
By Noah Webster.
