trial balance

noun Bookkeeping.

a statement of all the open debit and credit items, made preliminary to balancing a double-entry ledger.

QUIZZES

TAKE THIS QUIZ TO SEE WHAT YOU KNOW ABOUT HIGH SCHOOL PUNCTUATION!

Commas mark divisions in sentences. Periods end declarative sentences. Apostrophes show possession. Easy, right? Well, punctuation can get pretty tricky—fast. Think you got what it takes to be a punctuation expert? Take our quiz to prove it!

Question 1 of 10

Which of the options below is the best punctuation for the sentence? It__s your turn to pick the movie __ but your sister gets to pick the board game we _ re going to play.

Its your turn to pick the movie but your sister gets to pick the board game we’re going to play.

It’s your turn to pick the movie but your sister gets to pick the board game were going to play.

It’s your turn to pick the movie, but your sister gets to pick the board game we’re going to play.

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Origin of trial balance

First recorded in 1830–40

Words nearby trial balance

triad syndrome, triadelphous, triage, trial, trial and error, trial balance, trial balloon, trial by battle, trial by fire, trial court, trial denture

British Dictionary definitions for trial balance

trial balance

noun

accounting a statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012