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Trial balance   Listen
noun
Trial balance  n.  (Bookkeeping) 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.






Collaborative International Dictionary of English 0.48








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"Trial balance" Quotes from Famous Books



... o'clock Mr. Sinclair, the manager, came into Bryce's office with a handful of folded papers. "I have here," he announced in his clerky voice with a touch of solemnity to it, "a trial balance. I have not had time to make an exact inventory; but in order to give you some idea of the condition of your father's affairs, I have used approximate figures and prepared a ...
— The Valley of the Giants • Peter B. Kyne



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