what is trial balance? How to prepare trial balance?
- 2 Answers
- 5902 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
how to enter the tender refund amount in tally ?
Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,personal and nominal account)?
Why did you choose the a-levels you did?
how to pass year ending entries for VAT treatment?
A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
How entry of Dues bills [in which account] in Tally ?
What is entry of Dishonored cheque issued to supplier
What is Inter branch accounts reconciliation
the following information wads extracted ffrom the book of a business man :debtors as on 31/12/1987 $25000 bad debts during 1987 $1000.provision for doubtful debts is to be maintained at 5%. a provision for discount is also at 2%. you are required to calculate the amount set aside in respect of provision for doubtful debts and provision for discounts on debtors respectively
i know that preliminary expenses are fixed cost but current or non current
What is BRS
pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.
Audit 
