Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The trial balance is an internal control that accountants produce to check the arithmetical accuracy of the general ledger. Under the double-entry accounting system, every transaction involves at ...

The unadjusted trial balance for a company plays an important role in basic accounting entries. This balance is usually reflected on a worksheet that includes all of the entries that aren't accounted ...

At the end of each reporting period, accountants and bookkeepers verify the records of a business' transactions -- its debits and credits -- for that period. Once this is complete, this ledger is ...