A trial balance is a two-faceted accounting data summary that displays two columns -- debits and credits -- both of which show the total amounts. If you delve into a company's trial balance, you see ...

The power of the double-entry accounting method centers around its self-checking nature, leading toward confidence that financial records of a business are complete and accurate. The trial balance is ...

Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

At the end of each reporting period, accountants and bookkeepers verify the records of a business' transactions -- its debits and credits -- for that period. Once this is complete, this ledger is ...