**Explanation:**

The trial balance is a statement that lists all the balances of the general ledger accounts at a specific point in time. It is an important tool in the accounting process as it helps to ensure that the debits and credits in the accounting records are in balance.

There are two methods of preparing a trial balance: the balance method and the total method.

The balance method, also known as the net trial balance, is a method of preparing the trial balance where only the net balance of each account is listed. It is called the net trial balance because it only includes the net balances of the accounts, which are the differences between the debits and credits.

**Advantages of Balance Method:**

The balance method has several advantages over the total method:

1. Simplicity: The balance method is simpler to prepare as it only requires listing the net balances of the accounts.

2. Clarity: By showing only the net balances, the trial balance is easier to read and understand.

3. Efficiency: The balance method is more efficient as it reduces the amount of information that needs to be recorded and reviewed.

4. Accuracy: Since only the net balances are listed, there is less chance of errors or omissions in the trial balance.

**Conclusion:**

In conclusion, the trial balance prepared using the balance method is known as the net trial balance. It is a simpler and more efficient method of preparing the trial balance, as it only includes the net balances of the accounts. The net trial balance helps to ensure that the debits and credits in the accounting records are in balance and is an important tool in the accounting process.