It is not necessary to take be taken periodically. However, it is recommended since we are able to test out the accuracy of our entries and are able to obtain a list of ledger accounts and usable balances.
Work Step by Step
It is not a mandatory to take a trial balance, but it may be desirable to do so. By recording credits and debits a trial balance confirms or troubleshoots the integrity of the ledger accounts. Secondly, an accountant can utilize the resultant ledger accounts and balances during the preparation of financial statements.