What is another word for trial balance?2 synonyms found
Pronunciation:[ tɹˈa͡ɪə͡l bˈaləns], [ tɹˈaɪəl bˈaləns], [ t_ɹ_ˈaɪ_əl b_ˈa_l_ə_n_s]
Table of ContentsSimilar words for trial balance:
Definition for Trial balance:
- 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.