Trial balance is an accounting process by which all debits are placed and monitored and similarly all credits are placed and monitored .As a final stage of this process to confirm the transaction is complete and accurate the total debit and total credit is matched.
Trial balance underlie on the simple fact that for every credit entry there must be an equal debit entry in the accounting ledger. So in the process of trail balance all the debits are totaled and all the credits are summed up and cross checked for equal total on both sides. By this trial balance accounting process errors can be detected easily and corrected for proper accounting maintenance in an organization.
The entire ledger balances are summarised in the form of a statement is called trail balance. it is a statement containing the various ledger balances on a particular date. this statement shows the accuracy of the books of the accounts. The total debit ledger balances are shown in one side and the credit ledger balances are shown in the another side.
