1 |
trial balanceA listing of the accounts in the general ledger along with each account's balance in the appropriate debit or credit column. The total of the amounts in the debit column should equal the total of [..]
|
2 |
trial balanceDefinition The act of totaling debit balances and credit balances to confirm that total debits equal total credits.
|
3 |
trial balanceA comparison of the total of DEBIT and CREDIT balances in the LEDGER to check that they are equal.
|
4 |
trial balance A term used to indicate what type of funds will be spent or allocated.
|
5 |
trial balanceA list or abstract of the balances or of total debits and total credits of the accounts in a ledger. The purpose is to determine the quality of posted debits and credits and to establish a basic summa [..]
|
6 |
trial balanceThe listing and totaling of all balances in a ledger to verify that total debits equal total credits.
|
7 |
trial balanceat the close of an accounting period, the transactions posted in the ledger are added up. A test or trial balance sheet is prepared with assets on one side and liabilities and capital on the other. Th [..]
|
8 |
trial balance A proof of the equality of total debits and credits, the fifth step in the accounting cycle.
|
9 |
trial balanceA statement showing all the accounts used in a business and their balances.
|
10 |
trial balanceA trial balance is a report that shows the total of all your business’s accounts, its assets, liabilities, income, costs and capital, as at a given point in time
|
11 |
trial balanceA listing of all debit and credit nominal account balances of a business as taken from the nominal ledger, sales ledger and purchase ledger over a specified period.
|
12 |
trial balanceA list of balances of the accounts in a ledger kept by double entry with the debit and credit balances shown in separate columns.
|
13 |
trial balancea list of all balances from the general ledger accounts on a specific date (e.g. year-end) and presented in two columns (debit and credit balances).
|
<< wnn6-ds | work-sol >> |