Overview
In accounting, the Trial Balance is a worksheet listing the balances of each ledger account in two columns, namely Debit and Credit, at a certain date. Under the double-entry system, the total of any debits in any transaction must equal the total of any credits. Therefore, the total of the debit side in a Trial Balance should always be equal to the total of the credit side. The Trial Balance thus serves as a tool to detect errors that can result in the totals not being equal. Credits are often represented as a negative, in which case the total of the Trial Balance should be zero.
Trial Balance Report Criteria
