Preparation of Trial Balance

            To prove the equality of debits and credits, let us now prepare a Trial Balance.  A Trial Balance is a list of all accounts with their balances.  Remember that assets, expenses and drawing have normal debit balances, while liabilities, capital and revenue have normal credit balances.

           A Trial Balance is a proof that equal debits and credits have been recorded for all transactions but not a proof that the recording is accurate.  It shows also that the addition of the account balances in the trial balance has been performed correctly, resulting to the equality of debits and credits.

           The accounts in the trial balance are listed in this order according to their account numbers:

    Assets (arranged according to their liquidity)

      Liabilities

      Capital

      Drawing

      Revenue

      Expenses

references: 
Fundamentals of Accounting P-1 (Accounting for service, Merchandising and Manufacturing)

By: Gloria Ardaniel Rante

This is a sample of Trial Bance