Preparation of a Trial Balance

1. It may be prepared on a loose sheet of paper.
2. The ledger accounts are balanced at first. They will have either “debit-balance” or “credit
balance” or “nil-balance”.
3. The accounts having debit-balance is written on the debit column and those having creditbalance
are written on the credit coloumn.
The sum total of both the balances must be equal, for “Every debit has its corresponding
and equal credit”.