What is a Trial Balance? Accounting Basics Explained 📊✅

Ever wondered what a Trial Balance is? 🤔 It’s a key report in accounting that lists all ledger accounts and their balances—both debits and credits—at the end of an accounting period. 🧾 The goal? To check if total debits equal total credits, ensuring that the Double-Entry system has been followed correctly. While a balanced trial balance doesn’t guarantee error-free records, it’s an essential step before preparing financial statements like the Balance Sheet and Income Statement. 💼 Watch this quick video to learn how the trial balance helps keep everything aligned in the world of finance! Don’t forget to like, share, and subscribe for more accounting tips! 🔔

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