B1: 7 The Trial Balance

In this section

In this section we shall look first at the accounting equation, which tells us how the value of a business’ assets is linked to the total value of its liabilities and capital. We shall then look at a business’ trial balance which is a list of the balances taken from the ledger accounts in the General Ledger.


7.01 The Accounting Equation

7.02 The Trial Balance

7.03 The Trial Balance questions and answers