The preparation of a trial balance is an important step of the accounting cycle. An unadjusted trial balance is prepared to check the accuracy of information posted in the general ledger. The suspense ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The general ledger is a central location for recording all of the financial activity for your business. Accurate ledger activity is essential to ensuring that the financial statements for each period ...