What is trail balance
Answers were Sorted based on User's Feedback
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"
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / v sakthivel
books come under trial balance
Purchase book
sales book
purchase return
sales return
Is This Answer Correct ? | 0 Yes | 0 No |
matching concept
could i know how to accounting lease intrest ?
Where is the reserve
Explain a time when you have not met your goal?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.
How do you build a successful business relationship?
where does petty cash to cash entry go in tally
credit card all entry pass in tally
how we pass commission entry when we give to other with tds ?
what is the difference between TDS & TCS? Note:- Plz don't tell the ful form of tds & tcs
3 Answers Jaguar, National Granites,
if rs 200 has to be charged in one A/c but had been wrongly charged in another A/c.what entry will be pass to correct the entry
please tell me the reconciliation format in excel