Course Description:

Accounting Basics Lesson 5 – Learn how to prepare a Trial Balance using T Accounts and Journal Entries. The Trial Balance is made easy in this episode you will learn: ▪ What is a Trial Balance in Accounting. I explain it’s definition and structure as part of Basic Accounting for Beginners. ▪ Then I explain the purpose of a Trial Balance in Accounting, what a Trial Balance is used for, and why it was originally created. ▪ After that, I’ll give you five reasons why a balanced Trial Balance sheet isn’t necessary error-free. ▪ Finally, I’ll show you how to prepare a Trial Balance sheet from both Journal Entries and T Accounts. We will work through six Trial Balance examples and solutions. Course Length: 7:35 Source: Accounting Stuff

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