# Trial Balance

*Accounting & Reporting — Finicade finance glossary*

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.

**Also known as:** trial balance report, unadjusted trial balance

**Related terms:** [General Ledger](https://finicade.com/glossary/general-ledger), [Debits and Credits](https://finicade.com/glossary/debits-and-credits), [Double-Entry Bookkeeping](https://finicade.com/glossary/double-entry-bookkeeping), [Financial Statements](https://finicade.com/glossary/financial-statements), [Journal Entry](https://finicade.com/glossary/journal-entry)

Source: https://finicade.com/glossary/trial-balance