What is Trial Balance?
Answers were Sorted based on User's Feedback
Answer / k.manivannan
TRIAL BALANCE IS AN STATEMENT WHICH IS MAINLY PREPARED TO
FIND OUT THE DEBIT CREDIT POSTING IN THE INDIVIDUAL LEDGER
A/C
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / cyndhu
Trial Balance is used to check whether the journal and
ledger entries are correct or not.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sharful haq khan
Trial Balance is made to with the help of :
debit- incomes & gains / what comes in
credit- expenses & losses / what goes out
IT IS MADE TO CHECK THE CURRENT POSITION OF THE CO. OR FIRM
that how much co. has incomes & how much expenses with
different sources.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / simar
trial balnce is nothing but debit is equal to credit blance
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / imtiaz
A list of the balances of various ledger accounts, called
the Trail Balance.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / saravanan
trial balance is a statement of the balances of all ledger accounts prepared at the end of a period to check the arithmetical accuracy of the books kept under double entry principles
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kalyan
trial balance is nothing but debit balance is equal to
credit balance
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / prem
Trial balance is a statement which is prepared in separate
set of papers by taking up all the ledger accounts balance
on a particular date in order to verify the arithmetical
accuracy of the accounts in the ledger and putting the
debits side and credits another.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / abc
TRIAL BALANCE IS A PART OF ACCOUNTING BY WHICH ONE CAN
CHECK MATHEMATICAL ACCURACY OF ACCOUNTS WITH THE HELP OF
LEDGER ACCOUNT BALANCES OR WITH THE HELP OF LEDGER ACCOUNT
TOTALS
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / dibyendu sundar ray
A TRIAL BALANCE IS A STATEMENT PREPARED TO CHECK THE ARITHMETICAL ACCURACY OF VARIOUS LEDGER ACCOUNTS.
Is This Answer Correct ? | 2 Yes | 0 No |
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