Chartered Accountant
734 Points
Joined March 2007
Trial Balance is raw data, it is just the balances of all GLs at a particular date / for a particular period. This data can further be used to prepare financials, etc. Today trial balance is not something that gets prepared, but gets "Generated". You dont have to do total of all entries in Ledgers and total them to get the Trial Balance. The question of mathematical accuacy is now out of picture. The Main use for TB now is to plot it as source data for Financials, or other statements (eg. Working Capital, Cash Flow, etc).