What are the main objectives of preparing trial balance?

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A trial balance is prepared with the following objectives.

To ascertain the arithmetical accuracy of ledger accounts:

A trial balance is prepared to check the arithmetical accuracy of ledger accounts.

General Ledger | General Ledger Templates

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Completion of double entry:

It proves that both aspect of each transaction are recorded. If totals of both sides are equal, it is believed that the records are complete and reasonably trustworthy.

Ledger account balances:

It is a consolidated statement of balances of accounts on a certain date to facilitate preparation of final accounts and balance sheet therefrom.

 

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