A Balancing Act: the Trial Balance
- Charles Stoy
- Feb 7, 2023
- 3 min read
The trial balance is a report that lists the balance of each account in a company's accounting system. The purpose of a trial balance is to ensure that the total of all debits equals the total of all credits, which provides assurance that the books are in balance and that there are no mathematical errors in the accounting records.
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