Double-entry bookkeeping 1: debits, credits, T accounts, the trial balance, and the financial statements
. The trial balance lists all the debit balances and all the credit balances in the books of account.

. When there are more credits than debits on a T account then a credit balance is recorded in the trial balance.

. The trial balance will always balance.

. When there are more debits than credits on a T account then a debit balance is recorded in the trial balance.

. A T account has a total of £10,000 on the credit side and £1,000 on the debit side. This means that there is a £9,000 debit balance on this account which will be posted to the debit side of the trial balance.

. A T account has a total of £12,000 on the debit side and £5,000 on the credit side. This means that there is a £7,000 credit balance on this account which will be posted to the credit side of the trial balance.