Trial balance is used to check that double entry bookkeeping is correctly applied during the period.
Trial balance is the list of all accounts either having debit or credit balance at period end.
Trial balance is memorandum document, as it is not required by International Accounting Standards & Company Law.
Trial balance is prepared just before preparation of financial statements to ensure balancing of balance sheet (SFP).
Any suspense account open to balance trial balance should be removed before preparing financial statements by identifying errors.