Before you create a trial balance sheet, determine the balances of each of your company's general ledgers. For example, your accounts receivable ledger may have a debit entry of $5,000 posted on ...

A trial balance is an accounting tool that essentially combines the balance sheet and the income statement. Accordingly, a company's trial balance must be in order prior to being used to prepare a ...

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into equal debit and credit account column totals.