The first is where a trial balance does not balance: a suspense account is opened, which will be investigated and cleared later.
What does TB stand for?
TB stands for Trial Balance (accounting)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of TB
We have 44 other meanings of TB in our Acronym Attic
- Tracking Balance
- Tractor Biplane (US Navy)
- Transaction Broker (real estate)
- Transport Blocks
- Transport Bureau (Hong Kong)
- Travel Bug (geocaching)
- Treasury Bill
- Treasury Board
- Treasury Bond
- Très Bien (French: Very Good)
Samples in periodicals archive:
The longest trial balance I worked with contained more than 100,000 accounts.
The District Auditor said: "Summary and detailed trial balance reports are not routinely generated from the Voy-y ager system on a monthly basis.
Venkatrathnam guide readers through the concepts and processes that every bookkeeper needs to know, including: single-vs double-entry bookkeeping, cash- vs accrual-basis accounting, posting financial transactions, keeping a "paper trail" of source documents, preparing a trial balance, creating financial statements, establishing internal controls, preparing for the annual audit, and closing out the fiscal year.
TPRFINSTP0100DCPA02) takes you from the trial balance to the financial statements with comprehensive and practical guidance on GAAP and OCBOA measurement and disclosure rules ($190).
The conversion worksheet must begin with a trial balance for all accounts that ultimately will be considered governmental activities.
Finally, the automated application facilitated the Federal Agencies' Centralized Trial-Balance System Adjusted Trial Balance (FACTS-MB) submission by enabling us to reconcile the FACTS trial balances to the financial statements prior to submitting the statements to the customer.