2.4 - Trial Balance

Question 1

Trial balance

Answer 1

a listing of account balances in a ledger used to see if Dr = Cr

Question 2

In balance/Out balance

Answer 2

If the two totals are the same the ledger is “in balance”

if the two totals are not the same it is “out balance”

Question 3

Creating trial balance sheet

Answer 3

1. Three line heading (Name of Business, trial balance, date)
2. Debit and credit column