Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

In a dual entry accounting system, entries are made in debit and credit columns. Increases in assets -- the things you own -- and expenses are entered in the debit column, while liabilities -- or ...

The lead trial balance is important in accounting because it helps those responsible for verifying accounting numbers determine whether ledgers are accurate. The lead trial balance provides the ...