Describe the process of preparing a trial balance. What is the purpose of preparing a trial balance? If a trial balance does not balance, identify what might be the reasons why it does not balance. If the trial balance does balance, does that ensure that the ledger accounts are correct? Explain. (5 marks) 1. Listing the account titles and their balances 2. Totaling the debit and credit columns 3. Proving the equality of the two columns