what is included in a trial balance 
it depends companies can use a trial balance to keep track of their financial position and so they may prepare several different types of trial balance throughout the financial year a trial balance may contain all the major accounting items including assets liabilities equity revenues expenses gains and losses the bottom linea trial balance is a worksheet with two columns one for debits and one for credits that ensures a company s bookkeeping is mathematically correct the debits and credits include all business transactions for a company over a certain period including the sum of such accounts as assets expenses liabilities and revenues debits and credits of a trial balance must tally to ensure that there are no mathematical errors however there still could be mistakes or errors in the accounting systems a trial balance can be used to assess the financial position of a company between full annual audits 