what is trial balance? How to prepare trial balance?

Answers were Sorted based on User's Feedback



what is trial balance? How to prepare trial balance?..

Answer / nancy

trial Balance it is nothing but a statement of ledger
account balances
within a ledger,at particular instance.
It's main purpose is to check mathematical\arthimetic
accuracy of accounting.


Trial Balance of M/s _____ as on _____
Particulars L/F Debit Amount
(in Rs) Credit Amount
(in Rs)
Account Head 1
Account Head 2
Account Head 3 —

Total xxxx xxxx

Is This Answer Correct ?    16 Yes 0 No

what is trial balance? How to prepare trial balance?..

Answer / surendra

trilbalance mean . details of head of accounts or total exp
income of the particular head. tril balance is use to
prepaired banlance sheet

Is This Answer Correct ?    0 Yes 3 No

Post New Answer

More Accounting General Interview Questions

Tell us do you possess any knowledge about accounting standards?

0 Answers  


What do mean by GL Reporting ?

1 Answers  


WHAT IS IRR,NPV AND AT WHICH RATE THE PRESENT VALUE IS CALCULATED

3 Answers   FCI,


have you ever been involved in an invoice dispute? How did you manage the problem?

0 Answers  


plot registration charges will comes under what group in tally erp9?

1 Answers  






Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

0 Answers  


Why you want to change???

0 Answers   Horiba,


state (5) accounting concepts and give 1 example of each

0 Answers  


real account means

9 Answers   Infosys,


what is Sundary Debtor and sundary creditor.

5 Answers  


why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

0 Answers  


who is invented to accounting

3 Answers  


Categories