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Meaning of "trial balance" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF TRIAL BALANCE

trial balance play
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GRAMMATICAL CATEGORY OF TRIAL BALANCE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Trial balance is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES TRIAL BALANCE MEAN IN ENGLISH?

trial balance

Trial balance

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 the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit balance value. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance. The name comes from the purpose of a trial balance which is to prove that the value of all the debit value balances equal the total of all the credit value balances. Trialing, by listing every nominal ledger balance, ensures accurate reporting of the nominal ledgers for use in financial reporting of a business's performance. If the total of the debit column does not equal the total value of the credit column then this would show that there is an error in the nominal ledger accounts. This error must be found before a profit and loss statement and balance sheet can be produced.

Definition of trial balance in the English dictionary

The definition of trial balance in the dictionary is a statement of all the debit and credit balances in the ledger of a double-entry system, drawn up to test their equality.

WORDS THAT BEGIN LIKE TRIAL BALANCE

trial
trial and error
trial attorney
trial balloon
trial basis
trial by battle
trial by combat
trial court
trial division
trial judge
trial jury
trial lawyer
trial period
trial run
trial separation
trialism
trialist
triality
trialled
trialling

WORDS THAT END LIKE TRIAL BALANCE

account balance
advance
ambulance
at a glance
balance
elance
freelance
glance
imbalance
in the balance
lance
on balance
resemblance
semblance
strike a balance
surveillance
the Balance
valance
video surveillance
vigilance
work/life balance

Synonyms and antonyms of trial balance in the English dictionary of synonyms

SYNONYMS

Translation of «trial balance» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF TRIAL BALANCE

Find out the translation of trial balance to 25 languages with our English multilingual translator.
The translations of trial balance from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «trial balance» in English.

Translator English - Chinese

试算表
1,325 millions of speakers

Translator English - Spanish

balance de comprobación
570 millions of speakers

English

trial balance
510 millions of speakers

Translator English - Hindi

परीक्षण संतुलन
380 millions of speakers
ar

Translator English - Arabic

ميزان المراجعة
280 millions of speakers

Translator English - Russian

пробный баланс
278 millions of speakers

Translator English - Portuguese

balancete
270 millions of speakers

Translator English - Bengali

ট্রায়াল ব্যালেন্স
260 millions of speakers

Translator English - French

balance
220 millions of speakers

Translator English - Malay

imbangan duga
190 millions of speakers

Translator English - German

Kontenbilanz
180 millions of speakers

Translator English - Japanese

試算表
130 millions of speakers

Translator English - Korean

시산표
85 millions of speakers

Translator English - Javanese

Nyoba saldo
85 millions of speakers
vi

Translator English - Vietnamese

cân bằng thử nghiệm
80 millions of speakers

Translator English - Tamil

சோதனை சமநிலை
75 millions of speakers

Translator English - Marathi

चाचणी शिल्लक
75 millions of speakers

Translator English - Turkish

mizan
70 millions of speakers

Translator English - Italian

bilancio di verifica
65 millions of speakers

Translator English - Polish

obrotów i sald
50 millions of speakers

Translator English - Ukrainian

пробний баланс
40 millions of speakers

Translator English - Romanian

balanta de verificare
30 millions of speakers
el

Translator English - Greek

ισοζυγίου του καθολικού
15 millions of speakers
af

Translator English - Afrikaans

proefbalans
14 millions of speakers
sv

Translator English - Swedish

balansomslutningen
10 millions of speakers
no

Translator English - Norwegian

saldobalansen
5 millions of speakers

Trends of use of trial balance

TRENDS

TENDENCIES OF USE OF THE TERM «TRIAL BALANCE»

The term «trial balance» is quite widely used and occupies the 25.626 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
88
/100
The map shown above gives the frequency of use of the term «trial balance» in the different countries.
Principal search tendencies and common uses of trial balance
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «trial balance».

FREQUENCY OF USE OF THE TERM «TRIAL BALANCE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «trial balance» during the past 500 years. Its implementation is based on analysing how often the term «trial balance» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about trial balance

EXAMPLES

10 ENGLISH BOOKS RELATING TO «TRIAL BALANCE»

Discover the use of trial balance in the following bibliographical selection. Books relating to trial balance and brief extracts from same to provide context of its use in English literature.
1
Trial Balance: The Collected Short Stories of William March
The Collected Short Stories of William March William March. pressed against the cup of his laced fingers, his eyes looking straight into darkness. . . . You were taught that understanding was an enriching thing, that it brought contentment and  ...
William March, 2011
2
Financial & Managerial Accounting
Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Carl Warren, James Reeve, Jonathan Duchac, 2011
3
Introductory Accounting: To Trial Balance and Basic Reports
Third edition of an accounting text.
Ronald J. Maxwell, Peter Onus, Peter Fox, 1995
4
Accounting to Trial Balance
In this sixth edition of this popular book procedures relating to the New Tax System introduced on 1 July 2000 are fully explained.
Jeffrey Frederick Fitzpatrick, Maree McCarthy, Stephen Gregory, 2004
5
Understanding Patient Financial Services
Probably the best tool for managers to ascertain the value of the A/R is the aging analysis report, which takes all accounts on the health care organization's aged trial balance (ATB) and summarizes them using various strategies. These various  ...
Christine Robinson-Crowley, 1997
6
Accounting
New to this edition, the authors created innovative, unique content offering activities that are best-suited for each point in the learning process.
Carl Warren, James Reeve, Jonathan Duchac, 2013
7
Accounting
The adjusting and closing process has a dramatic effect on the ledger, in that the trial balance prepared to verify that the ledger was in balance is no longer valid. It then becomes necessary to prove that the ledger is still in balance. To do this ...
Peter J. Eisen, 2000
8
An improved principle of single-entry book-keeping, by proof ...
... most suitable to make a Proof or Trial Balance of the work, in order to ascertain if any errors have been made, the object of which is to detect. It is founded on the principle of comparing the debtor and creditor amounts in the Day-book with ...
Daniel Sheriff, 1880
9
Financial Accounting
Implied interest : If, in trial balance, the loan is appearing at a definite rate of interest, it should be ascertained from trial balance whether full amount of interest has been paid or not or some amount is still outstanding. It should be treated just  ...
RK Mittal, RS Singal
10
Financial Accounting: Tools for Business Decision Making
A trial balance lists accounts and their balances at a given time. A company usually prepares a trial balance at the end of an accounting period. The accounts are listed in the order in which they appear in the ledger. Debit balances are listed in ...
Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, 2010

6 NEWS ITEMS WHICH INCLUDE THE TERM «TRIAL BALANCE»

Find out what the national and international press are talking about and how the term trial balance is used in the context of the following news items.
1
Determining profits and losses for small businesses
There are basically three stages of elementary stages of in preparing final accounts namely: books of prime or entry, trial balance, then trading and profit and ... «The Swazi Observer, Apr 15»
2
Electronic accounting rules
The trial balance must be submitted for companies no later than the 25th day of the following month; and for individuals no later than 27th of the following month. «Lexology, Aug 14»
3
25 Jokes That Only Accountants Will Find Funny
What do you call a trial balance that doesn't balance? A late night. 17. An economist is someone who didn't have enough personality to become an accountant. «Business Insider, May 14»
4
CCH Releases Enhanced Versions of ProSystem fx Engagement …
The newest version of Engagement now offers a new type of trial balance for working with funds. Users are able to setup fund types and subtypes, providing ... «CPA Practice Advisor, Oct 13»
5
When is SSARS No. 19 Applicable?
CPA inputs data into a software system, makes adjusting journal entries and prints and delivers a trial balance that contains summary totals for assets, liabilities, ... «Accountingweb.com, May 10»
6
Establishing Materiality Levels That Reduce Audit Work
Account balances on the trial balance,general journal entries, unusual transactions in the general ledger, individual accounts receivable balances and ... «Accountingweb.com, Mar 10»

REFERENCE
« EDUCALINGO. Trial balance [online]. Available <https://educalingo.com/en/dic-en/trial-balance>. May 2024 ».
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