A trial balance is a list of all your transactions. It can be sorted by category, date or account to make it easier for you to find what you’re looking for. A trial balance will have an opening and closing balance as well as the totals on both sides of the ledger (debit and credit). Trial balances are used in accounting, bookkeeping or auditing. This blog post is about the trial balance, which can be best described as a list of: -A trial balance will have an opening and closing balance as well as the totals on both sides of the ledger (debit and credit). Trial balances are used in accounting, bookkeeping or auditing. It can be sorted by category, date or account to make it easier for you to find what you’re looking for. A trial balance will show your transactions. The debit side lists all debits while the credit side lists all credits. This way mistakes should not happen when adding up columns because if there’s any discrepancy between accounts then that value needs to looked at more closely before continuing with calculations. When checking
