How to test balance between right and left channel


Does anyone know if there exists a simple straight forward test equipment that can tell me whether the left and right channels of my speakers or amps or preamps or CD are outputting the same level/strength of signal?

Can this be done with the help of a multimeter, if so how?

many thanks.
lall
Thanks for your replies. Bfr/Rrog, you may be absolutely correct. My dedicated audio room has a sloping roof - 8ft high on one side and up to 20 ft on the other. But before I tackle this problem, I need to be sure that the slight imbalance I am getting at time does not come from my equipment. I know my cd is ok as i can read my the balance levels on it. But i need some sort of equipment to individually test each component of the chain to identify the source of my problem.
If your system has the ability to adjust the balance level, I would just do that and enjoy the music, after all, that is what the balance control is there for.
If your system has the ability to adjust the balance level, I would just do that and enjoy the music, after all, that is what the balance control is there for.
And if no balance control, I have had success in different rooms by just moving one speaker in or out, in both cases by only an inch or two.

But if you want to make sure your equipment is functioning properly than I can understand.
If testing with equipment isn't practical, I would play a mono recording and listen to where the image is centered. Then I would swap cables down the chain to see if the image stayed in the same spot or moved left or right.
You can also play some white noise and use an spl meter. Sometimes if your room is an odd shape or doesn't have consistent lighting, it can be hard to judge. Kind of like an optical illusion.