Trial Balance
Also called: trial balance report, unadjusted trial balance
A trial balance lists every ledger account with its balance, to check that total debits equal total credits before statements are prepared. It catches arithmetic and one-sided posting errors. It cannot catch a transaction posted to the wrong account, posted twice, or omitted entirely — a balanced trial balance proves internal consistency, not correctness.
Where this is taught
Definitions are the trailer. These free levels turn Trial Balance into something you play — one bite-size lesson, with worked examples, a quiz and XP.