Detailed Trial Balance

A detailed trial balance is a thorough report that breaks down every financial transaction in a company's accounts, providing a close-up view to ensure accuracy and catch any errors.

A detailed trial balance is a financial statement that provides a comprehensive breakdown of all ledger accounts, including their opening balances, transactions, adjustments, and closing balances for a specific accounting period.

Unlike a standard trial balance, which typically lists only account names and their total balances, a detailed trial balance provides a granular view, showcasing individual transactions within each account.

This helps accountants and auditors dig deep into the nitty-gritty details, catch any mistakes, and make sure everything adds up correctly in the company's financial records. It's like zooming in to see the story behind every dollar in the business.