The TRIAL BALANCE Explained (Full Example!)

🆓Trial Balance Free Quiz → accountingstuff.com/blog/tria...
💥Trial Balance Cheat Sheet → accountingstuff.com/shop
🖊Trial Balance Practice Questions → accountingstuff.com/practice-...
Accounting Basics Lesson 5 - Learn how to prepare a Trial Balance using T Accounts and Journal Entries. The Trial Balance is made easy in this episode of Accounting Stuff - Accounting Basics for Beginners Lesson 5 - you will learn:
▪ What is a Trial Balance in Accounting. I explain it's definition and structure as part of Basic Accounting for Beginners.
▪ Then I explain the purpose of a Trial Balance in Accounting, what a Trial Balance is used for, and why it was originally created.
▪ After that, I'll give you five reasons why a balanced Trial Balance sheet isn't necessary error-free.
▪ Finally, I'll show you how to prepare a Trial Balance sheet from both Journal Entries and T Accounts. We will work through six Trial Balance examples and solutions.
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⏱️TIMESTAMPS
00:00 - Intro
00:41 - What is a Trial Balance?
01:24 - What does a Trial Balance look like?
02:45 - Common Errors in a Trial Balance
03:34 - What is a Working Trial Balance?
04:34 - How to Build a Trial Balance
06:43 - Recap
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Hope you found the video useful. As always, suggestions for future topics are always welcome

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Thank you! Your videos have been enormously helpful!!! I have some ideas for future topics: the closing process, recording closing entries, and post-closing trial balances. I'm having a hard time understanding these from the my textbook...I think I'm spoiled from watching your videos. :)

[@AccountingStuff]

@@tanyapanfil Hey Tanya, apologies for my late reply. I have only just seen this comment. Cheers for your suggestions, I'd like to cover those at some point

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