The Trial Balance Will Include What

The Trial Balance will include the ending or closing balances of Different Types of Accounts for the accounting period. The total of Debit side will be equal to the total of Credit Side, otherwise the Trial Balance is not agreed. However, there are specific hidden types of errors that cause the trial balance agree but it lacks to show the true information, so these there is need to check these kinds of mistakes and errors and frauds.

Temporary Accounts have no balances and finally closed to Income Statement. Only Permanent Accounts will be transferred to Balance Sheet.