TRIAL BALANCEConcept: A trial balance is a list of accounts and their balances on a given date. Generally a trial balance is prepared at the end of an accounting period to test the mathematical accuracy of books of accounts.

Purpose of Trial Balance

A trial balance serves the following main purposes:1.To check the equality of debits and credits in

ledger accounts.2.To uncover error in journalizing and posting.3.To provide information for preparation of

financial statements.

Structure of Trial BalanceAccountNumber Title of Account P

RDebitAmount

CreditAmount

01 Cash 11,90,779

02 Karim, Capital 12,00,000

03 Karim, Withdrawal 10,000