Thesaurus: trial balance

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Definitions

1. n. a balance of debits and credits in double-entry bookkeeping; drawn up to test their equality
2. 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.
3. The testing of a ledger to discover whether the debits andcredits balance, by finding whether the sum of the personal creditsincreased by the difference between the debit and credit sums in themerchandise and other impersonal accounts equals the sum of personaldebits. The equality would not show that the items were all correctlyposted.