Examples of 'trial balance' in a sentence
Meaning of "trial balance"
refers to a financial statement in accounting that lists all the general ledger accounts and their respective balances at a specific point in time. It is used to ensure that debits and credits are equal and to identify any errors or discrepancies in the recording of financial transactions
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- A statement of the balances of all nominal accounts in a double-entry ledger, made to test their equality. The total value of the debits should equal the total of the credits any difference indicates that an error has been made.
How to use "trial balance" in a sentence
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trial balance
The trial balance accounts are codified and.
I will confirm the trial balance again.
Trial balance sheet with his parents.
Ements only with the trial balance.
What is a trial balance and balance sheet.
This is called the modified trial balance.
A trial balance is part of the accounting cycle.
Arithmetic errors in balancing the trial balance.
Review of trial balance at country offices.
The extraction of account balances is called a trial balance.
The trial balance should be there.
We have overhauled the trial balance screen on mobile.
Be able to write an income statement from a trial balance.
A trial balance is a list of all accounts with their balances.
General ledger and trial balance.
See also
Preparing the trial balance is part of the accounting cycle.
Discrepancies between cashbook balances and the trial balance.
The two sides of a trial balance are always equal.
Fully reconcile its financial statements with a trial balance.
Adjusted trial balance.
Prepare financial statements based on information in the trial balance.
However trial balance not discloses the following types of errors.
I can process a trial balance.
An adjusted trial balance is prepared in the next step of accounting cycle.
Be able to prepare a trial balance.
A trial balance only checks the sum of debits against the sum of credits.
These adjustments do not therefore appear in the trial balance.
These two kinds of trial balance are both pertinent to auditors and accountants alike.
I was doing our trial balance.
Trial balance is an exercise used to confirm final figures before generating financial statements.
This is evidenced by a decrease in the number of errors on trial balance submissions.
The ending balance on the trial balance sheet for accounts receivable is usually a debit.
So these can not be located with the help of trial balance.
The trial balance can be manually constructed or imported from a large number of accounting systems.
This is evident from a decrease in the number of errors on trial balance submissions.
Trial balance ensures that the account balances are accurately extracted from accounting ledgers.
Show the effect of the adjusting entries by preparing an adjusted trial balance.
The relationship between the general ledger trial balance and the financial statements.
Prepare a set of final accounts for a sole trader from a given trial balance.
The trial balance amounts and the reclassifications represent the amounts reflected in the financial statements.
Overall the quality of information provided is adequate with few errors on trial balance submissions.
We prepare the Trial balance as usual.
The accounting software can journal and prepare documents such as the trial balance.
The trial balance is then transformed into a Final account and a simple balance sheet.
Manage and administer finances Aged trial balance.
The Trial Balance should include departmental detail if possible.
Are reconciled with the comprehensive trial balance of the Company.
Import the trial balance from First Manager.
The Board attempted to perform the reconciliation between the trial balance and the bank statements.
Amount of Atlas trial balance Amount of SAP trial balance.
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Adjusting the white balance manually recommended
Examples of using Trial
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Trial subscription begins on warranty registration date
Publicity is forbidden in trial proceedings involving minors
No trial judge likes his rulings overturned
