This method is used rarely because it duplicates the work. In this method, both balances and totals of debit and credit sides are tabulated in separate columns. Debit totals are recorded in the debit total column and credit totals are recorded in the credit column separately. Similarly, debit balances are recorded in the debit balance column and credit balance is recorded in the credit balance column.
The format for preparing the trial balance by using balances and totals method is given below −
The disadvantages for preparing the trial balance by using totals method are mentioned below −