Trial Balance is a listing of closing balances of ledger accounts over a certain date and is step one towards the preparation of financial statements. It is usually prepared at the end of an accounting period to help in the creating of financial statements. A trial balance is a listing of all the Basic ledger accounts included in the ledger of a business. This list will support the name of the actual nominal ledger account and the value of of which nominal ledger balances over a particular place.
Trial Valance
