The TRIAL BALANCE Explained (Full Example!)

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in today's video we're going to build

ourselves a trial balance hey guys my

name is James and welcome back to

another episode of accounting stuff

today's video is number five of the

counting basics and it's all about

balance I'm going to explain what it

means why it is this and show you how to

make one for yourself are you ready

a trial balance or TB when abbreviate is

is an accounting report showing the

closing balances of all general ledger

accounts at a point in time back in the

days of accounting on paper it was used

to check that the debit and credit

column totals match each other however

since the introduction of accounting

software that cheque has become less and

less important since it's now done

automatically nowadays it is an internal