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Trial balance Moderate

Origin: Latin suffix -ance

Trial balance has 2 different meanings across 1 category:

Noun

Definitions
Noun
1

a balance of debits and credits in double-entry bookkeeping; drawn up to test their equality

2

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.

See Also
balance books
Related Terms
Broader Terms (hypernyms)
balance
Rhyming Words
nce ance ince unce ence once vince sence ponce nance munce vance dunce hence bonce ounce nonce gance dance vonce
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