THE TRIAL BALANCE

The trial Balance is simply a list of the account names and their balance as of a given moment of time with debit of time with debit balance in one column and credit balances in another column. It is prepared to ensure that the mechanics of the recording posting of the transaction have been carried out accurately.

If the recording and posting have been accurate then the debit total and credit total in the Trial balance must tally thereby evidencing that in equality of debits and credits has been maintained. In this connection it is but proper to caution that mere agrements of the debit and credit total in the Trial balance is not conclusive prrof of correct recording and posting.

There are amny errors which may not efect the agreement of Trial Balance like total ommission of a transaction, posting the right amount on the right side but of a wrong account etc.