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What is trail balance
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Answer / guest
A bookkeeping worksheet in which the balances of all ledgers
are compiled into debit and credit columns. A company
prepares a trial balance periodically, usually at the end of
every reporting period
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / talha
First of all its not trail balance, it is trial balance.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / anchit saxena
trial balance display equal amounts of debit & credit are
recorded in the books of account. so if all the
transactions have been recorded perfectly we can say that
the total of the debit should be equal to total of the
credit.
all expenses & assets are debit
all incomes & liabilities are credit
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / a.swarna devi
A balance of debits and credits in double-entry
bookkeeping; drawn up to test their equality"
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Answer / v sakthivel
books come under trial balance
Purchase book
sales book
purchase return
sales return
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