Question

what is a trial balance
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Answer 1

Answer:

A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance.

Explanation:

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Answer 2

Answer:

Explanation:

Trial balance:-

Preparation of trial balance is the third phase of accounting process.

After posting the accounts in the ledger a statement is prepared to show separately the debit and credit balances such statement is known as trial balance