SubjectPaid lesson
Trial balance
CT
ClassNotes Team 3 MIN READUPDATED 7 JUL 2026Business Studies J.S.S 3 Second Term
WEEK 7
Trial balance
Performance Objectives
Students should be able to:
1. Explain the meaning of a trial balance.
2. State the functions of trial balance.
3. Extract balances from ledgers to form trial balance.
Content
Meaning of Trial Balance
A trial balance is a list of balances extracted from the ledger. It consists of individual debit and credit balances from various ledger accounts.
Format of trial balance
|
Particulars |
Debit |
Credit |
|
|
# |
# |
|
Debtors |
XXX |
|
|
Creditors |
|
XXX |
|
Sales |
|
XXX |
|
Purchases |
XXX |
|
|
General expenses |
XXX |
|
|
Sales return (return inward) |
XXX |
|
|
Discount received |
|
… |