Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

When you reach the end of a fiscal quarter, month or year, the numbers recorded in your ledgers are your company's unadjusted trial balance. These figures will become the basis for your financial ...

Revenue is the income the business generates from production activities. An unadjusted trial balance is an unprocessed list of ledger account balances at the end of the accounting period. The ...