MANAGEMENT

Detailed explanation-1: -A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period.

Detailed explanation-2: -*A proof of the equality to debits and credits in a General Ledger is called a Trial Balance.

Detailed explanation-3: -A trial balance is thus a list of all the debit and credit balances in the general ledger accounts. If all the individual double entries have been correctly carried out, the total of the debit balances should always equal the total of the credit balances in the trial balance.

Detailed explanation-4: -ANSWER: A post-closing trial balance is a report that is prepared to prove the equality of total debits and credits after the closing process is completed. It verifies that revenue, expense, and drawing accounts have zero balances.

Detailed explanation-5: -Another way to ensure that the books are balanced is to create a trial balance. This means listing all accounts in the ledger and balances of each debit and credit. Once the balances are calculated for both the debits and the credits, the two should match.