A trial balance is a two-faceted accounting data summary that displays two columns -- debits and credits -- both of which show the total amounts. If you delve into a company's trial balance, you see ...

At the end of the month when it's time to balance the accounting books and get ready for the next accounting period, one of the first steps is compiling a trial balance. From that point, you can ...

At the end of each reporting period, accountants and bookkeepers verify the records of a business' transactions -- its debits and credits -- for that period. Once this is complete, this ledger is ...