trial balance
[ˈtraɪəl ˈbæləns]
nounpl: trial balances
balancete de verificação
1. An accounting statement that lists all the general ledger accounts and their debit or credit balances to verify that total debits equal total credits
The accountant prepared a trial balance to ensure all journal entries were recorded correctly.
O contador preparou um balancete de verificação para garantir que todos os lançamentos no diário fossem registrados corretamente.
2. A preliminary financial statement used to check the accuracy of ledger accounts before preparing final financial statements
Before closing the books, we need to review the trial balance for any discrepancies.
Antes de encerrar os livros, precisamos revisar o balancete de verificação para qualquer discrepância.
The trial balance is a fundamental tool in both American and Brazilian accounting practices, required by accountants and auditors to ensure financial accuracy before presenting formal financial statements to stakeholders, creditors, or tax authorities.
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