Words / T / Business

trial balance

noun

C1CEFR level
65/100Rarity: rare
TechnicalRegister

A listing of all ledger balances used to check that total debits equal total credits before preparing accounts.

The trial balance doesn't balance, so there's a posting error somewhere we need to track down.

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting