Trial Balance
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MS: Imbangan Duga · EN: Trial Balance · ZH: 试算表
Meaning
A Trial Balance is a list of all account balances (debit balances and credit balances) extracted from the ledger on a particular date. Its main purpose is to check the arithmetic accuracy of the double-entry system by confirming that the total of the debit column equals the total of the credit column. It also makes preparing the Financial Statements easier because every balance is gathered in one place.
Example
On 31 December, Melur Grocery prepares a trial balance. Debit balances such as Cash RM8,000 and Purchases RM20,000 are placed in the debit column, while Sales RM25,000 and Capital RM10,000 go in the credit column. Both columns total RM45,000, so the trial balance balances.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4