Ascertain the Arithmetical Accuracy of Ledger Accounts
The trial balance is prepared to check whether all debits and credit are properly recorded in the ledger or not and that all accounts have been correctly balanced. When the totals of all the debit balances and credit balances in the trial balance are equal, it is assumed that the posting and balancing of accounts is arithmetically correct. However, the tallying of the trial balance is not a conclusive proof of the accuracy of the accounts. It only ensures that all debits and the corresponding credits have been properly recorded in the ledger.