trial balance

Definition

The act of totaling debit balances and credit balances to confirm that total debits equal total credits.

Use trial balance in a sentence

I had to find out what the trial balance was and that could take me quite a long time to figure out.

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You need to have accountants that can always keep a good record of your trial balance and stay in touch with them.

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The accountants are currently working to reconcile the trial balance to ensure the transactions for the current fiscal period are complete.

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Treynor Index balance