How to Prepare Trial Balance for Accounting Cycle:
After prepare general ledger, we will prepare trial balance. A trial balance is a bookkeeping worksheet that lists the balances in each general ledger account. The debit balances are listed in a column with the heading “Debit” and the credit balances are listed in another column with the heading “Credit.” Most trial balances will not list any account having a zero balance. The total of each of these two columns should be identical.
Sample of all account types for trial balance are as follows:
December 31, 2017
|Account Number||Account Title||Debit||Credit|
Total debit must equal total credit (Dr=Cr).