I am preparing a trial balance for the middle of the month, and several accounts have zero balances. Mostly temporary accounts like expenses. Should these be included on the trial balance? Thanks a lot,
--steve
Student question: On a trial balance, are accounts with zero balances shown?
Jul 05, 2007
1 Replies
Theoretically I would say "no". The purpose of a trial balance is to "see what happened" and analyze for errors. We don't need to see what "didn't happen but could have". :) Too many zeros and data redundancy would piss of the IT dept. and convolute the report.
Third Level CGA and 4th yr BComm student, Toronto, ON., Canada
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