Trial Balance is a report of all account balances for the company sorted by groups, i.e., it is displayed in a grouped form, comprising main groups and their closing balances. You can see that the debit and credit balances match.
In Tally, the matching of the Trial Balance is a foregone conclusion since all voucher entries are in Debit - Credit format and must balance at the entry point.
To view the Trial Balance
Go to Gateway of Tally > Display>Trial Balance
Note: As per accounting principles, the Trial Balance does not list Closing Stock.
| • | Select F1: Detailed to break down the grouped information or simply drill down a Group for further detail. |
The screen appears as shown
| • | Select F5: Led-wise to list all ledgers and their closing balances. |
The screen appears as shown
| • | Select New Column to bring up the closing balances for another date. |
The screen appears as shown
More:
Account Reconciliation Statement