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Trial balance

💡 Words with a Similar Meaning to "Trial balance"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
balancenoun(uncountable) A state in which opposing forces harmonise; equilibrium.
debit balancenoun(accounting) The amount by which debits exceed credits.
bank balancenounThe amount by which a current account is in credit or deficit.
credit balancenoun(banking, finance) The amount of money in an account held by a financial institution.
account statementnounA record of transactions and their effect on bank account balances
adjustment accountnoun(accounting) An account used in double-entry bookkeeping to represent the other side of adjustments that need to be made.
basic balancenounThe net balance of the combination of the current account and the capital account in a balance of payments.
restnoun(uncountable, of a person or animal) Relief from work or activity by sleeping; sleep.
trade balancenoun(economics) The balance of trade.
accounting equationnoun(accounting) The fundamental equation of the double-entry bookkeeping system: assets = liabilities + equity.
balance of tradenoun(economics, trading) The difference between the monetary value of exports and imports in an economy over a certain period of time.
balance sheet equationnounSynonym of accounting equation.
account currentnoun(finance) A regularly updated record of transactions between two parties showing what is owed or due to each party or a statement summarizing the position.
final accountnoun(accounting) The year-end numbers needed to file a balance sheet for a corporation.
tally tradenoun(accounting) The selling of goods on account, regular payments being recorded in a book kept by the customer and a duplicate (the "tally") kept in the tally shop.
balance of paymentsnounA measure of all flows of money into and out of a country including payments for goods and services and capital flows.
balanced budgetnounA (usually governmental) budget in which income and expenditure are equal over a set period of time.
assetnounA thing or quality that has value, especially one that generates cash flows.
transaction journalnoun(accounting) A type of accounting record used to enter business activity not involving money changing hands.
adjusting entrynoun(accounting) A journal entry made to ensure that some financial activity is assigned to the posting period in which the activity occurred.

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