Trial Balance Example

Online Course
Accounting for Non-Accountants - Accounting for Non-Accountants is a 20-hour strictly online accounting course that requires no textbook or live instructor. It is a self-paced accounting tutorial that can be taken 24/7 conveniently in your own home, office, or from any computer that has access to the Internet. Click here to view more details

Trial Balance

The Trial Balance, which can be taken at any point in time, lists all ledger accounts and their balances and is used to prove the equality of debits and credits. Assets are listed first followed by liabilities and then owner's equity. Debit balances are listed in the left column and credit balances in the right column.

The trial balance proves that the accounts balance, but it does ensure that all transactions were entered or entered into the proper accounts. Below is an example of a Trial Balance.

Your Business Name Trial Balance June 31, 20XX
Debit		Credit
Cash	$800.00
Accounts Receivable	400.00
Supplies	600.00
Prepaid Rent	1,200.00
Equipment	10,000.00
Accounts Payable		$3,000.00
Owner, Capital		9,000.00
Owner, Drawing	1,000.00
Sales		3,000.00
Salary Expense	700.00
Misc. Expense	300.00
	$15,000.00	$15,000.00

A trial balance is an internal document used only by company employees; it is not meant to be available to persons outside the company.

Get ALL of the materials above for only $35.

Master Accounting Download Package - High-quality PDF files
Accounting explained in a clear and easy to understand way. Includes explanations for 31 accounting topics, 16 Accounting Exams (40 questions each), 52 Printable Crossword Puzzles, 175 Question Bookkeeping Test, Quick View Basic Accounting "Cheat Sheet", Accounting Dictionary and more. Click here to view more details

Managerial & Cost Accounting Exams - covering 19 managerial accounting topics (a total of 520 questions). Answers included. A great tool for learning and reviewing!

Download Printable (PDF) - $15

Financial Accounting Exams - covering 16 financial accounting topics. Each authentic accounting exam contains 40 questions focused on each topic (a total of 640 questions). Answers included.

Download Printable (PDF) - $15

Amazon.com
Most popular books for Financial Statements

Reading Financial Reports For Dummies

Paperback: 384 pages

Publisher: For Dummies (December 13, 2004)

Minding Her Own Business: The Self-Employed Woman’s Essential Guide to Taxes and Financial Records

Paperback: 239 pages

Publisher: Sphinx Publishing Inc; 4th Updated edition (January 1, 2005)