What are the main advantages of Trial Balance?

The advantages of trial balance are:

  • It ensures that the transactions recorded in the books of accounts have identical debit and credit amount.
  • Balance of each ledger account has been computed correctly.
  • Balance of each and every ledger account has been transferred accurately and on the correct side of the sheet on which trial balance has been prepared.
  • The debit and the credit columns of trial balance have been added up correctly.