- trial balance
- a list of all balances in the ledger at a given time. Glossary of Business Terms
* * *trial balance trial balance ➔ balance1
* * *trial balance UK US noun [C, usually singular] (ABBREVIATION t.b.) ACCOUNTING► in double-entry bookkeeping, the act of adding the credit and debit columns of all accounts to check that they are equal in order to show that the accounts are correct: »
The trial balance will fail to balance if both aspects of a transaction are not recorded.
Financial and business terms. 2012.