What is Trial balance in accounting?

Answer 1

A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.

Answer 2

A trial adjust is a rundown of all the general record accounts (both income and capital) contained in the record of a business. This rundown will contain the name of every ostensible record account and the estimation of that ostensible record adjust. Every ostensible record will hold either a charge adjust or a credit adjust.

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