Trial balance. At the end of the accounting period (which may be a month, quarter, or year depending on a businessâs practices), you calculate a trial balance. Worksheet. Unfortunately, many times your first calculation of the trial balance shows that the books arenât in balance.
The terms employee welfare benefit plan and welfare plan mean any plan, fund, or program which was heretofore or is hereafter established or maintained by an employer or by an employee organization, or by both, to the extent that such plan, fund, or program was established or is maintained for the purpose of providing for its participants or ...
Full Definition of WELFARE. 1. 2. a: aid in the form of money or necessities for those in need b: an agency or program through which such aid is distributed. See welfare defined for English-language learners. See welfare defined for kids. ADVERTISEMENT.