TRIAL BALANCE - Definition

According to the Dictionary for Accountants by Eric. L. Kohler, Trial Balance is defined
as “a list or abstract of the balances or of total debits and total credits of the accounts in a
ledger, the purpose being to determine the equality of posted debits and credits and to
establish a basic summary for financial statements”
According to Rolland, Trial Balance is defined as “The final list of balances, totalled and
combined, is called Trial Balance”.
According to Carter, Trial Balance is “a schedule or list of those debit and credit balances
which are extracted from various accounts in the ledger and balances of Cash in hand and at
Bank as shown by the Cash Book and are also included in it”