Trial Balance

Question 1

Why use a Trial Balance?

Answer 1

• Used to help determine the accuracy of the ledger (DR = CR).
• Does not guarantee 100% accuracy

Question 2

How to Create a Trial Balance?

Answer 2

1. Three line heading (WHO, WHAT, WHEN)
2. List all DR accounts and DR amounts
3. List all CR accounts and CR amounts
4. Add each column separately (Total DR = Total CR)
5. Remember underlines