Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

Trial balance is an accounting procedure used to ensure the mathematical equality between debit and credit accounts as recorded in the general ledger. A trial balance can take different forms, ...

An adjusted trial balance provides a listing of ending balances for all accounts after the adjusting entries are prepared. The goal of adjusting the entries is to correct errors made within previous ...