As per double entry systems all the Debit entries has its
equalent credit entries.to know the correctness of the
books as per the above concept Trial Balance is
prepared.With the help of Triall Balance, P&L and Balance
Sheet is prepared.
Preparation of trial balance is the third phase in the
accounting process, after posting the accounts in the
ledger a statement is prepare to show separately the debit
or credit balance. Such a statement is known as Trial
As name indicates,it is a trial on arithmetical accuracy of
ledger balances before preparing final accounts.Debit must
be equal to credit. on debit side of the trial balance all
assets & expenses and on credit side of T/B all liabilities
& incomes will consider.