Could you tell someting Use's of Trial Balance and where we
get the details.
- 3 Answers
- 5343 Views
- Genpact, MNC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / babhu kanchupalli(dms)
Trail balance is prepared by the balances of ledger accounts...by properly post them in their respective sides i.e debit or credit side......to know measure the arithmetic accuracy of the accounting procedure
it means..that the debit and credit side of the trail balance should match if our accounting procedure is correct....otherwise it means we did some mistake in accounting procedure.....don't worry....we place the difference balance in a seperate account which is called suspence account temporarly......untill we found errors caused for the difference.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / b.murali krishna
It helps us to trace any changes in the opening balances .As
we know the closing balances of the last year must be the
opening balances of the current year,this can be checked
through trail balance.It gives you an overview of the
transactions that took place in the current year..
The debit transactions denote expenses and assets and the
credit transactions denote incomes and liability.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / b.murali krishna
It helps us to trace any changes in the opening balances .As
we know the closing balances of the last year must be the
opening balances of the current year,this can be checked
through trail balance.It gives you an overview of the
transactions that took place in the current year..
The debit transactions denote expenses and assets and the
credit transactions denote incomes and liability.
| Is This Answer Correct ? | 0 Yes | 0 No |
what are the different methods of teaching share and debenture to pre degree students
Differentiate between equity and stock.
who are bulls and bears investors
what is break even analysis ?
Pass journal entries Purchased goods from mr x on credit 1000
what is finance
bank releted question interviw plz tel me
Salaries and wages per general ledger is 288,000 of which 56,500 is paid in advance. Req: Prepare adjusting journal entries from the books of audrey company as of dec 31 09. (pls help me with this, I'm a bit slow but willing to learn, thanks!)
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
How bank reconciliation statement is prepared
A machinery item puchase form M/s. XYZ for the cost of Rs.2,00,000/- with freight charges Rs.20,000/- and installation charges Rs.10,000/- what is the journal entry
4 Answers Chartered Accountant, Sony,
journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from customer 4. paid creditors $5000
Audit 
