Tally

Trial Balance

The Balance on an account is the difference between the figures posted on each side of it, i.e. the difference between the total of the debit side and the total of the credit side. At the end of an accounting period all the accounts are balanced and the balances listed. Both sides of this list, called the trial balance, should balance. Because of the duality concept, every debit should have a credit. The Trial Balance option displays the Trial Balance of the company as the last voucher you entered.

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(Figure 4.11)


For detailed Trial Balance Press <Alt> <F1> key combinations

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(Figure 4.12)

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