Preparing Trial Balance From Journal and Ledger (How To)

Learn how to prepare a trial balance from the recorded accounting journal entries and posting ledger in step by step. [with examples]

How Trial Balance helps the Accounting Process

Trial balance is a statement of debit and credit balances extracted from ledger for testing arithmetical accuracy of kept books.

How to Rectify the Errors in a Trial Balance

Correction of errors in accounting by erasing contradicts the accounting principles.

What are the Limitations of Trial Balance

Agreement of both debit and credit money columns of trial balance does not necessarily prove that there is no error in the accounting process.