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- Trial_balance abstract "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. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance.The name comes from the purpose of a trial balance which is to prove that the value of all the debit value balances equal the total of all the credit value balances. Trialing, by listing every nominal ledger balance, ensures accurate reporting of the nominal ledgers for use in financial reporting of a business's performance. If the total of the debit column does not equal the total value of the credit column then this would show that there is an error in the nominal ledger accounts. This error must be found before a profit and loss statement and balance sheet can be produced.The trial balance is usually prepared by a bookkeeper or accountant who has used daybooks to record financial transactions and then post them to the nominal ledgers and personal ledger accounts. The trial balance is a part of the double-entry bookkeeping system and uses the classic 'T' account format for presenting values.".
- Trial_balance wikiPageID "1011525".
- Trial_balance wikiPageLength "4324".
- Trial_balance wikiPageOutDegree "9".
- Trial_balance wikiPageRevisionID "703217520".
- Trial_balance wikiPageWikiLink Balance_sheet.
- Trial_balance wikiPageWikiLink Category:Accounting_terminology.
- Trial_balance wikiPageWikiLink Category:Generally_Accepted_Accounting_Principles.
- Trial_balance wikiPageWikiLink Debits_and_credits.
- Trial_balance wikiPageWikiLink Double-entry_bookkeeping_system.
- Trial_balance wikiPageWikiLink General_ledger.
- Trial_balance wikiPageWikiLinkText "Trial balance".
- Trial_balance wikiPageWikiLinkText "balanced trial balance".
- Trial_balance wikiPageWikiLinkText "balances".
- Trial_balance wikiPageWikiLinkText "trial balance".
- Trial_balance about "yes".
- Trial_balance by "no".
- Trial_balance label "Trial balance".
- Trial_balance onlinebooks "no".
- Trial_balance others "no".
- Trial_balance wikiPageUsesTemplate Template:Accounting.
- Trial_balance wikiPageUsesTemplate Template:Fact.
- Trial_balance wikiPageUsesTemplate Template:Library_resources_box.
- Trial_balance wikiPageUsesTemplate Template:Refimprove.
- Trial_balance wikiPageUsesTemplate Template:Reflist.
- Trial_balance subject Category:Accounting_terminology.
- Trial_balance subject Category:Generally_Accepted_Accounting_Principles.
- Trial_balance hypernym List.
- Trial_balance comment "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. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column.".
- Trial_balance label "Trial balance".
- Trial_balance sameAs Q1192485.
- Trial_balance sameAs Proefbalans.
- Trial_balance sameAs ميزان_المراجعة.
- Trial_balance sameAs Předvaha.
- Trial_balance sameAs Ισοζύγιο.
- Trial_balance sameAs Balance_comptable.
- Trial_balance sameAs מאזן_בוחן.
- Trial_balance sameAs शेष-परीक्षण.
- Trial_balance sameAs Neraca_percobaan.
- Trial_balance sameAs 試算表.
- Trial_balance sameAs 시산표.
- Trial_balance sameAs Plānotā_bilance.
- Trial_balance sameAs सन्तुलन_परीक्षण.
- Trial_balance sameAs Zestawienie_obrotów_i_sald.
- Trial_balance sameAs m.03z19r.
- Trial_balance sameAs Оборотно-сальдовая_ведомость.
- Trial_balance sameAs பரீட்சை_மீதி.
- Trial_balance sameAs Q1192485.
- Trial_balance sameAs 試算.
- Trial_balance wasDerivedFrom Trial_balance?oldid=703217520.
- Trial_balance isPrimaryTopicOf Trial_balance.