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What is Trial Balance?
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Answer / k.manivannan
TRIAL BALANCE IS AN STATEMENT WHICH IS MAINLY PREPARED TO
FIND OUT THE DEBIT CREDIT POSTING IN THE INDIVIDUAL LEDGER
A/C
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / cyndhu
Trial Balance is used to check whether the journal and
ledger entries are correct or not.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sharful haq khan
Trial Balance is made to with the help of :
debit- incomes & gains / what comes in
credit- expenses & losses / what goes out
IT IS MADE TO CHECK THE CURRENT POSITION OF THE CO. OR FIRM
that how much co. has incomes & how much expenses with
different sources.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / simar
trial balnce is nothing but debit is equal to credit blance
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / imtiaz
A list of the balances of various ledger accounts, called
the Trail Balance.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / saravanan
trial balance is a statement of the balances of all ledger accounts prepared at the end of a period to check the arithmetical accuracy of the books kept under double entry principles
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kalyan
trial balance is nothing but debit balance is equal to
credit balance
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / prem
Trial balance is a statement which is prepared in separate
set of papers by taking up all the ledger accounts balance
on a particular date in order to verify the arithmetical
accuracy of the accounts in the ledger and putting the
debits side and credits another.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / abc
TRIAL BALANCE IS A PART OF ACCOUNTING BY WHICH ONE CAN
CHECK MATHEMATICAL ACCURACY OF ACCOUNTS WITH THE HELP OF
LEDGER ACCOUNT BALANCES OR WITH THE HELP OF LEDGER ACCOUNT
TOTALS
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / dibyendu sundar ray
A TRIAL BALANCE IS A STATEMENT PREPARED TO CHECK THE ARITHMETICAL ACCURACY OF VARIOUS LEDGER ACCOUNTS.
| Is This Answer Correct ? | 2 Yes | 0 No |
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