Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The preparation of a trial balance is an important step of the accounting cycle. An unadjusted trial balance is prepared to check the accuracy of information posted in the general ledger. The suspense ...

Book balance is the amount of money a company believes it has based on its accounting. What Is Book Balance? A book balance is a running tally of a company’s account balance based on all transactions.